LG Chem Ltd.’s Acquisition of NanoH2O

Lee & Ko successfully represented LG Chem Ltd. (“LG Chem”) in its 100% stock acquisition of U.S.-based manufacturer of reverse osmosis (RO) membranes for seawater desalination, NanoH2O Inc, for KRW 200 billion.  The sale was finalized on April 30, 2014.  LG Chem purchased NanoH2O in an effort to boost its water-treatment filter business.  The water-treatment filter business is a market with both great growth potential and high entry barriers, and thus the acquisition of NanoH20 is expected to provide LG Chem with the core technology necessary in expanding its presence in the water-treatment filter market.