PIOLINK, Inc. (KOSDAQ:A170790) agreed to acquire a 28.97% stake in NHN Corporation (KOSE:A181710) for KRW 35 billion on October 26, 2021. The consideration will be paid in cash from own funds. PIOLINK, Inc. will acquire 1,986,000 shares at KRW 17,624 per share.

Board of directors of PIOLINK, Inc resolved the transaction on October 26, 2021. The transaction is expected to be closed by October 29, 2021.