Comprehensive Stock Exchange between LG Chem and Korea Zinc Company

Lee & Ko successfully advised on the KRW 515.2 billion share-swap transaction between LG Chem and Korea Zinc Company. By way of this transaction, LG Chem acquired KRW 257.6 billion worth of Korea Zinc Company's treasury shares, while Korea Zinc Company acquired KRW 257.6 billion worth of LG Chem’s treasury shares. Through this mutual share ownership, LG Chem and Korea Zinc Company will strengthen their business partnership. Lee & Ko contributed to the successful closing of the transaction by offering various effective answers to issues such as business negotiation, mutual stock ownership and resolution at the contract signing stage, and promptly took actions that ultimately enabled the consummation of the transaction in a situation where the closing of the transaction could not proceed due to unexpected regulatory issues during the process of the transaction. Lee & Ko, based on its extensive experience in share-swap transactions among listed companies, provided efficient legal advice, which enabled rapid consummation of share-swap transactions.