Lee & Ko advised Macquarie Investment Management on its acquisition of 100% of ING Investment Management Korea’s shares for approximately EUR 50 million and successfully completed the transaction on early December, 2013. With assets under management of more than KRW 24 trillion (USD 22.7 billion) following completion of the deal, MIM became one of the top seven investment managers in Korea.

The transaction was carried out as part of a global sale of the insurance and asset management sectors of ING Group, and was a rare case involving the successful sale and purchase of an asset management company.