GS Retail Co., Ltd. (KOSE:A007070) agreed to acquire unknown majority stake in Cookat Inc. for $46 million on January 13, 2022. Once the acquisition is finalized, Cookat will become a subsidiary of GS Retail. Current CEO Lee Mun-ju will continue to run the company.

The company will set up stores in collaboration with Cookat and GS25, its convenience store chain, to sell Cookat products. It has partnered with Cookat in a smaller way in the past, setting up sections at select GS25 branches for Cookat products.