Lee & Ko successfully advised LG Chem, Ltd. in the business transfer of LG Chem’s color photoresist business to S&Y International Limited, an affiliate of Jiangsu Yoke Technology Co., Ltd., with the business transfer agreement being signed on February 25, 2020. This transaction began as an auction process with multiple potential purchasers. Once Jiangsu Yoke Technology was selected as the preferred bidder, various complicated issues arose in connection with the carve-out business transfer. However Lee & Ko provided efficient advice during the negotiation/discussion sessions to enable the parties to execute the definitive agreements swiftly and efficiently.

[YONHAP NEWS AGENCY] LG Chem sells photoresist biz to Chinese firm for 58 bln won