Lee & Ko has advised Connex Resources Development PEF No. 1 in respect of its purchase of 42% of the outstanding common shares of SsangYong Resources Development Co., Ltd. for KRW 36 billion from its parent Ssang Yong Cement Industrial Co., Ltd. and of convertible bonds issued by the target in the aggregate amount of KRW 15 billion. The target is the market leader in limestone mining in Korea. Partner Je Won Lee led the advisory team.