Purchase of KRW 10 Billion Bonds with Warrants Issued by Daejoo Electronic Materials

Lee & Ko has represented two private equity funds, IBK-Kibo Capital PEF No. 2 and Aju-Shinhan Small Giants Fund No.1, in respect of their subscription of bonds with warrants in the aggregate amount of KRW 10 billion (USD 8.8 Million) issued by Daejoo Electronic Materials Co Ltd (Daejoo), a KRX KOSDAQ-listed company that develops and manufactures electronic materials such as conductive, polymer, glass, nano, metal powder and phosphor materials. Upon exercising the warrants, the investors will acquire an 8.37 percent equity stake in Daejoo. Je Won Lee led the advisory team.