LG Chem Ltd. acquired 100% of the equity interest in Dongbu Farm Hannong, a company in the crop protection and fertilizer businesses. The initial purchase price of KRW 515.2 billion upon signing, was later reduced by KRW 90.7 billion after due diligence, and the purchase price was finalized at KRW 424.5 billion upon the closing. Despite the complex nature of the transaction due to the conflicting interests of multiple sellers, including the affiliates of Dongbu group, individual shareholders, specially-related persons of Dongbu Group, financial investors, and the Korea Development Bank, etc., the definitive agreements have been successfully executed and the deal was closed with Lee & Ko’s effective and timely advice.