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Recent Developments

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[E-Daily] Foreign Attorney Hyungi Ryu Joins Lee & Ko
On April 4, 2024, E-Daily reported that Lee & Ko has recently scouted foreign attorney Mr. Hyungi Ryu, enhancing the expertise of its corporate advisory group. Mr. Ryu is widely recognized for his proficiency in corporate M&A and private equity investment deals, particularly notable are his involvements in Hyundai Motor Group’s JV transaction with Aptiv, the acquisition of Boston Dynamics, and Centroid Investment’s acquisition of TaylorMade. Drawing from his prior experience, Mr. Ryu’s practice at Lee & Ko will focus on facilitating outbound investments for Korean companies and managing inbound investments for global private equity firms. 
2024.04.04
[E-Daily] Lee & Ko Awarded IFLR Pro Bono Specialist Award for Public Legal Service
On April 3, 2024, E-daily reported on Lee & Ko’s winning of the Specialist award – Pro Bono at the 2024 IFLR Asia Pacific Awards, hosted by IFLR, a global legal magazine specializing in finance. The firm received this specialist award in recognition of its contribution to winning an administrative lawsuit against the Incheon Airport Office of Immigration on behalf of refugees from Mali and Angola, seeking the cancellation of the decision not to refer refugee status for review. This case has become a significant precedent for the Korean government to conduct the refugee screening in accordance with due process. 
2024.04.03
[The Bell] Lee & Ko Reclaims Top Spot in 8 Years for Corporate Restructuring
On April 1, 2024, the Bell announced that, in its League Table for the first quarter of 2024, Lee & Ko has topped the list for Merger, Spin-off and Join Venture advisory services, with four deals totaling a transactional volume of KRW 1.5424 trillion, representing an adjusted share of 57.50%. “Lee & Ko has reclaimed its top spot in this category for the first time in eight years since 2016,” the Bell noted, “Kim & Chang moved down to second place after holding the first-place position for five years.” The four transactions in which Lee & Ko has been providing advisory services include SK Energy’s spin-off of SK Entern (KRW 948.7 billion), Douzone BizOn’s merger with Douzone Holdings (KRW 269.1 billion), and the merger of Woori Asset Management and Woori Global Asset Management (KRW 220.3 billion).
2024.04.01
[Hitnews] Judge Dong Hyeok Kang Ruling in Favor of Pharma Companies Joins Lee & Ko
On March 30, 2024, Hitnews reported on Lee & Ko’s inclusion of Dong Hyeok Kang, former senior judge at the Seoul Administrative Court. Hitnews highlighted that the recruitment of Mr. Kang has garnered attention due to his unique stance in the Bilberry Fruit Dried Ext. lawsuit, where he was the only judge ruling in favor of the pharmaceutical companies. 
2024.03.30
[Etnews] '2024 Financial Platform Competitiveness Enhancement Seminar' Held
On February 28, 2024, etnews reported on the seminar presentation made by Kim Si Hong, an Advisor at Lee & Ko . At the seminar on 'Enhancing Financial Competitiveness and Countermeasures Using Platforms in 2024' held on February 28 and hosted by the Fintech Industry Association and the Digital Economy and Finance Research Institute, Mr. Kim presented on 'Characteristics of K-Finance Platforms in the Era of Open Finance and Challenges to Enhance Competitiveness'. He recommended building an integrated open finance infrastructure that combines payment (open banking), inquiry (my-data), and product brokerage (comparative recommendation movement) functions as a way to secure the competitiveness of K-Finance platforms in the global market.
2024.02.28
[Chosun Biz] Lee & Ko Reappoints Sang Gon Kim as Managing Partner and Appoints the First Female Management Committee Member
On February 27, 2024, Chosun Biz reported that Lee & Ko held a general meeting of professionals and reappointed Executive Managing Director Mr. Sang Gon Kim as the Managing Partner of the firm. Accordingly, Mr. Kim’s term of office has been extended for another three years. Mr. Kim has been serving as the Executive Managing Director for two years, but was reappointed this time as three years have passed since his appointment as the Managing Partner. In addition, Attorney Mr. Hyeong Gun Lee, Member of the Management Committee and an expert in corporate advice and healthcare, has been newly appointed as the new Managing Partner to lead the corporate group and Attorney Ms. Hyun Joo Oh has been newly appointed as the first female member of the Management Committee. Ms. Oh is an expert in the areas of capital markets with more than 25 years of experience. 
2024.02.27
[The Korea Economic Daily] Lee & Ko Attorney Seung Hwan Lee Ranked Second in 2023 M&A Legal Advice among Korean Law Firms… Lee & Ko Attorney Joo Hyun Oh Ranked as Rising Star
On February 25, 2024, according to the result of M&A Legal Advice by domestic law firms in Korea aggregated by Market Insight, a media of The Korea Economic Daily specializing in capital markets, Lee & Ko Attorney Seung Hwan Lee was ranked second in “Power Lawyer” category for senior lawyers with more than 11 years of experience. The Korea Economic Daily reported that “Attorney Seung Hwan Lee has assisted the consortium of MBK Partners and UCK Partners, the purchaser, in completing the Osstem Implant deal worth 2.6 trillion, which was the largest deal last year” and that “Mr. Lee is evaluated to have solved complicated transactions without noise, including the negotiations with Kyu Ok Choi, chairman of Osstem Implant, the seller, as well as the takeover bid made by the MBK Partner consortium to minority shareholders”. In addition, Lee & Ko attorney Joo Hyun Oh was ranked fourth in the Rising Star category for lawyers with less than 10 years of experience. 
2024.02.25
[The Korea Economic Daily] Cho Jun Woo of Lee & Ko ranks 5th in IPO legal advisory work among Korean law firms in 2023.
On February 25, 2024, Market Insight, a specialized capital market publication of The Korea Economic Daily, compiled a ranking of Korean law firms’ performances in IPO legal advisory of newly listed public companies in 2023 and ranked Cho Joon Woo of Lee & Ko as the 5th best in the Power Lawyer category for senior lawyers with 11 or more years of experience.

Wins “Best Structured Finance at the 21st Korea IB Awards”

Lee & Ko won the award for Best Structured Finance at the 21st Korea IB Awards organized by Money Today.

Lee & Ko won the award for playing a pivotal role in Asiana Airlines' new aircraft acquisition process, attracting attention from the financial and aviation industries.
" Lee & Ko advised on Korean law for the lenders and the airline in the transaction, which saw Asiana Airlines use the aircraft periodic principal payment insurance (ANPI) product provided by a consortium of insurers to borrow from BNP Paribas, Crédit Agricole CIB and ING Capital to acquire two new aircraft," according to Money Today.
 
2024.02.25
[Law Times] Lee & Ko Scouts Senior Judge Dong Hyeok Kang and High Court Judge Jun A Chang and Gi Sang Chung.
On February 15, 2024, Law Times reported that Lee & Ko has scouted lawyers who worked as a judge. The firm recruited Dong Hyeok Kang, former senior judge at Seoul Administrative Court, Jun A Chang, former judge at Seoul High Court and Gi Sang Chung, former judge at Suwon High Court. Mr. Kang has great expertise in criminal affairs as he has been in charge of the court in several important criminal cases. Mr. Chang is one of the most elite judges in the court who has served several times as the Chief Justice of important courts several times, and is well-versed in corporate litigations. Mr. Chung has been in charge of administrative trials for many years in important courts, and has particularly excellent practical skills in construction and real estate affairs as he wrote a number of dissertations on tax, construction and real estate. 
2024.02.15
[Aju News] [Legal Update] “Stop Technology Theft”… Quintuple Punitive Damages Allowed for Trade Secret Misappropriation
On February 13, 2024, Aju News shared in its news article Lee & Ko’s attorney Mr. Un Ho Kim’s remark on a recent update regarding the Act on the Prevention of Unfair Competition and Protection of Trade Secrets.  Mr. Kim explained that, with proposed amendments to the Act now passed at the Cabinet meeting, “businesses should be mindful that damages awarded in intellectual property cases could increase significantly and so is the possibility of criminal punishment, and should establish meticulous measures to prevent infringement of intellectual property rights.”  He further commented, “in the event of an intellectual property dispute, the right holder needs to actively utilize the relevant provisions in the Act.”
2024.02.13
[The Fact] Large Law Firms Work Hard as Election Law TF Competition Grows in the Pending Election
On February 11, 2024, The Fact introduced Lee & Ko’s “Election Response TF Team”. It reported that “Lee & Ko’s Election Response TF Team is featured by providing quick advice from the preparation and campaign stage of the election in case of a problem caused by the candidate’s violation of the election law prior to the election”. Attorney Jung Hwa Han, who is in charge of Lee & Ko’s Election Response TF Team, stated that the team “consists of experts who have practical experience in elections while serving in the prosecution service and court” and that “the team is capable of providing a multi-dimensional and comprehensive response at all stages from the election preparation stage to the National Election Commission inspection stage, investigation stage and trial stage”. 
2024.02.11
[Legal Times] [Employment/Labor] Hyundai Motor's 'Poor Job Performance' Justified Termination
On January 28, 2024, the Legal Times reported the latest litigation win by Lee&Ko. The 3rd Division of the Supreme Court (Chief Justice Seok-jun Oh) held that Hyundai Motor Company’s termination of Employee A for poor job performance was justified, thereby ordering the cancellation of the Central Labor Relations Commission’s decision. As a result, the Supreme Court’s decision reversed the district court’s affirmation and remanded the case to the Seoul High Court in favor of Hyundai Motor Company. Lee&Ko served as counsel to Hyundai Motor Company in the Supreme Court.
2024.01.28