Law Firm Lee & Ko is advising on the planned merger between South Korean Logistics and Courier company Logen and electronic components maker Moda-InnoChips. Jun Taek Lee, the lead partner at Lee & Ko, said the firm provided legal clarity on whether the merger was in the directors’ best interests. This was required under South Korea’s amended Commercial Act, which asks directors to consider their duties to shareholders during major corporate decisions.
The merger was announced on 9 March 2026 and was first expected to be completed on 1 July 2026. However, the Financial Supervisory Service asked both companies to update their securities registration statements. The regulator wanted them to explain whether they had followed the Ministry of Justice’s recommended guidelines for directors during corporate reorganisations.
Lee said the companies later submitted a revised registration statement that included this information. The Lee & Ko team included partners Jun Taek Lee and Yi Jun Chang, along with associates Jeyoun Moon and Seong Ik Kang. The shareholder meeting to vote on the merger is planned for 18 September 2026. Pending approval, the merger is scheduled to take effect on 2 November 2026.
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Both Logen and Moda-innoChips are listed on South Korea’s Kosdaq stock market. As of 31 March 2026, Logen had total assets of KRW999 billion (about USD673 million), while Moda-InnoChips had total assets of KRW1.03 trillion.
