On April 21, 2020, Korea Herald Business reported of Lee & Ko’s expansion of its Bankruptcy, Insolvency & Corporate Restructuring Team in response to the economic downturn and increasing business bankruptcy filings.
Korea Herald Business introduced recent transition of Lee & Ko’s Bankruptcy, Insolvency & Corporate Restructuring Team from its previous three teams of Workout Team, Business Bankruptcy Team and Restructuring Team to include a Creditor Representation Team which seeks to represent creditor including institutional investors, an Insolvency Team to meet the needs to mid and large-scale businesses, and a Small and Middle Enterprises Team which responds to the needs of those most devastated by the recent COVID-19.