Merger Control and Corporate Governance

• Air Liquide in its $3.3 billion acquisition of DIG Airgas.

• EU remedy takers, T’way Air and Air Incheon, in connection with Korean Air’s $1.3 billion acquisition of Asiana Airlines.

• Novozymes, a Novo Nordisk Foundation affiliate, in its $12.3 billion statutory merger with Chr. Hansen.

• Sapeon Korea in its absorption merger with Rebellions, resulting in the formation of Korea’s first AI chip unicorn.

• SK Ecoplant in its acquisition of EMC Holdings, a leading environmental platform company in Korea.

• Jungheung Construction and its affiliate in their $1.86 billion joint acquisition of Daewoo Engineering & Construction.

• Taelim Paper, a leading corrugated paper manufacturer in Korea, in the acquisition of its competitor, Jeonju Paper.

• LG CNS in its establishment of an Indonesian data center joint venture with Sinar Mas.

• Mercedes-Benz in its acquisition of jointly controlling stake in the French lithium-ion battery joint venture between Stellantis and TotalEnergies.

Defense against Antitrust Investigations

• A leading Korean telecommunications company in the KFTC’s investigation into the alleged intra-group unfair assistance to its subsidiary concerning IPTV services (secured reduction of administrative fines and exemption from criminal prosecution).

• A U.S. fabless semiconductor company in the KFTC’s investigation into the alleged abuse of superior bargaining position against “S” Electronics concerning RFFE chips (secured lesser recharacterization of allegations, reduction of administrative fines, and exemption from criminal prosecution).

• A Chinese container shipping company in the KFTC’s investigation into the alleged cartels among international competitors serving Korea-China shipping routes (secured exemptions from both administrative fines and criminal prosecution).

• A German automobile manufacturer in the KFTC’s investigation into the alleged cartels regarding the development of exhaust gas reduction technology (secured reduction of administrative fines and exemption from criminal prosecution).

• A U.K. veterinary pharmaceutical company in the KFTC’s investigation into the alleged abuse of superior bargaining position against a Korean distributor (secured termination of investigation and finding of no violation).

• A megabank in the KFTC’s investigation into the alleged cartels regarding information exchange in the European corporate bond issuing market (secured termination of investigation).

Other Antitrust and Corporate Matters

• “S” Group in its antitrust compliance project concerning intra-group transactions.

• “F” Group in its conversion of control structure into a holding company structure.

• An overseas-headquartered corporate group in connection with its disclosure obligations in Korea as a large business group newly designated by the KFTC.

• A trade association in connection with the collaborative business restructurings between Korean petrochemical companies and the relevant legislative procedure for a special law.

• A global industry leader regarding tolling arrangements with its major competitor and the operation of a clean team.

• Korean government and state-owned enterprise in connection with the EU foreign subsidy regulation.