YOON&YANG

On August 3, 2016, Ildong Pharmaceutical Co. Ltd., which is a leading pharmaceutical company in South Korea, was separated into three newly established operating companies: (1) Ildong Pharmaceutical Co. Ltd., a newly established operating company for medicines businesses ; (2) Ildong Hyal Tech Co. Ltd., a newly established operating company for filler and hyaluronic acid businesses; and (3) Ildong Bio Science Co. Ltd., a newly established operating company for bio and health supplement businesses. Ildong Pharmaceutical itself converted into a holding company, Ildong Holdings.

Yoon & Yang LLC advised on this transaction, including determining a deal structure, drafting and reviewing the spin-off plan.