Lee & Ko advised LG Uplus in its spin-off of its PG business division and the sale of 100% share of the newly established subsidiary (tentatively named Tospez Co.) to Viva Republica for KWN 365 billion. Lee & Ko legally represented LG Uplus in this transaction, which led to the successful signing of the share purchase agreement on December 20, 2019 and is expected to be completed by June of 2020. Lee & Ko successfully provided legal advisory on this transaction by properly analyzing all legal issues related to the entire transaction process and providing effective solutions, from due diligence to the completion of share purchase agreement.
[TheKoreaTimes] LG Uplus seeking to sell payment gateway business
[THE INVESTOR] Toss, IMM join bid to buy LG Uplus’ PG operation