Lee & Ko provided comprehensive advice on the transaction in which SK Innovation transferred to SK IE Technology, all of the outstanding capital stock of SK Innovation’s Chinese subsidiary (SK Hi-tech Battery Materials (Jiang su) Co., Ltd.) and Polish subsidiary (SK hi-tech battery materials Poland sp. z o.o.), each of which manufactures Lithium-ion Battery Separators. In consideration for the in-kind contribution, SK innovation acquired 26,467,432 shares of SK IE Technology, the value of which amount to KRW 450,263,964,972. The transaction was consummated as part of an internal reorganization of battery materials businesses within SK Group. Lee & Ko advised both parties on each and overall process of the transaction, including review of transaction structure, obtaining of court approval, issuance/registration of the new shares etc. which resulted in a successful closing of the transaction.