Hannuri Successfully Advised Global Auto Parts Company’s Business Reorganization in Korean Market

   Hit. 55
Date. 2024.02.13   


Hannuri Law LLC successfully advised and managed the merger process between domestic subsidiaries of a global auto parts manufacturing company in the Korean market. Swiftly concluding the merger procedures, the firm acquired approval from the KFTC for the merger notification. 


This case serves as a precedent in addressing various issues arising from a global company’s investment reorganization in Korea. The case involved a merger among limited liability companies, which had been introduced in 2011 through the amendment of Commercial Code, with very few precedents and potential complexity due to the presence of higher-tier affiliate companies established overseas. Additionally, there was a pressing need to conclude the merger process within a short timeframe. Hannuri’s team, Jeong Seo (partner), Sung-hyun Song (partner), Ji-yon Kang(associate), and Dong Wook Kim(associate) navigated the case efficiently, utilizing consultations with relevant authorities and successfully handled the corporate merger review without delay. 


Drawing on its experience and expertise in corporate law and merger control processes, Hannuri Law LLC will continue to provide services that meet the needs of clients based abroad.