Hwang-Kum Steel & Technology Co., Ltd. (KOSE:A032560) agreed to acquire an additional 6.5% stake in Interconstech Co., Ltd. for KRW 3.4 billion in cash on December 29, 2015. Under the terms of the agreement, Hwang-Kum Steel & Technology Co., Ltd. will acquire 0.25 million shares in Interconstech Co., Ltd. As a result of transaction, Hwang-Kum Steel & Technology will hold 47.66% stake in Interconstech. For 2014, Interconstech recorded total assets of KRW 82,352 million, owner's capital of KRW 53,634 million, sales of KRW 88,252 million, and net profit of KRW 11,582 million. The transaction is expected to complete on December 29, 2015. Hwang-Kum Steel & Technology Co., Ltd. (KOSE:A032560) cancelled the acquisition of an additional 6.5% stake in Interconstech Co., Ltd. on December 29, 2016.