Shin & Kim advises CJ CheilJedang Corporation, Korea’s No. 1 food company, on its sale of 100% shares in CJ HealthCare Corporation, a leading Korean pharmaceutical company. CJ Health Care is well-known for health functional products, such as Condition (anti-hangover drink) and Hutgaesoo (oriental raisin tea), as well as a highly attractive portfolio of pharmaceutical products . This transaction represents the largest M&A transaction in Korean history involving a pharmaceutical company and is touted as the “hottest 2018 M&A deal” in Korea, attracting unparalleled media attention. CJ CheilJedang entered into a definitive agreement with Korea Kolmar Co., Ltd. on February 20, 2018.
