Daum Kakao Corporation acquired 95.25% of the ownership interest of LOC&ALL, which develops and operates a mobile navigation application and related services (‘Kimgisa Navigation’), for KRW 62.6 billion. The transaction involved numerous sellers including the founders and the individual and financial investors of the target company. Not only that, the target company had many different types of preferred stock outstanding, which made it exceptionally complex and challenging to accommodate the various stakeholders’ conflicting interests. Lee&Ko was able to successfully represent our client and consummate the transaction in a timely and efficient manner by providing effective legal advice.