IokCompany Co., Ltd. (KOSDAQ:A078860) agreed to acquire 14.02% stake in KANGLIM Co., Ltd. (KOSDAQ:A014200) from SBW, Inc. (KOSE:A102280) for KRW 14.7 billion on December 2, 2020. IokCompany will acquire 7.4 million shares of KANGLIM in cash. The Board of KANGLIM passed a resolution for transaction on December 2, 2020.

The transaction is expected to close on December 2, 2020.