Cafe24 Corp. (KOSDAQ:A042000) agreed to acquire Feelway Co., Ltd. from Jongsung Kim and 3 others for KRW 84 billion on December 19, 2018. Cafe24 Corp. will acquire 500 shares of Feelway Co., Ltd. The acquisition method will be cash and acquisition financing. Feelway Co., Ltd. reported total assets of KRW 20.26 billion and total capital of KRW 15.47 billion as at December 31, 2017. Feelway Co., Ltd. reported sales of KRW 13.38 billion and net profit of KRW 5.14 billion in 2017. The Board of Directors passed a resolution for the transaction on December 19, 2018. The transaction is expected to be completed on January 3, 2019. PricewaterhouseCoopers (PwC) acted as financial advisor to Cafe24 Corp. Cafe24 Corp. (KOSDAQ:A042000) completed the acquisition of Feelway Co., Ltd. from Jongsung Kim and 3 others on January 3, 2019.