CASE STUDY

Siwoo Law Firm advised on an overseas private equity fund’s acquisition of all the shares in a newly established Korean company holding a semiconductor business carved out from a larger Korean enterprise.

Aligning regulatory work with the acquisition timetable

The team coordinated Korean merger control and foreign investment work with the share purchase agreement and closing timetable. Its merger review work covered the relevant markets, potential horizontal, vertical and conglomerate effects, and information on the semiconductor supply chain.

Siwoo also examined foreign investment restrictions and technology protection issues relevant to the target, including whether the business involved national core technology. The team addressed the regulatory steps and related conditions precedent in the transaction documents and considered information controls and technology safeguards.

One timetable for several regulatory processes

The engagement brought the different regulatory processes into a coordinated transaction plan, including anticipated review periods, possible requests for further information and post-investment steps. The published Chinese case summary reports that Siwoo supported the signing and closing of the transaction.

For international acquisition teams, the case illustrates why merger control, foreign investment and technology protection need to be considered together when planning a Korean industrial acquisition.

Matter contacts: Seung-Ho Ryu · Claire Jeon

Corporate Law & Advisory

Original case summary (Chinese)
This case summary describes a particular engagement and is not legal advice for another transaction.