It’s an old thread but I am facing exactly the same problem — and to make things worse, the footage is in Mandarin.
I have a (remote) translator for this but how do they transcribe it so I can see the captions in Premiere? Is there some software for this, desirably freeware? With Mandarin, I assume, this would be very time critical as I can’t make out a thing..
Luckily it’s not that much of voice in this project, mostly images.