Soribada Inc. (KOSDAQ:A053110) agreed to acquire K·SEAT Co.,LTD from Jaehak Kim, Jaeho Kim, Jungju Kim and Minjung Kim for KRW 15 billion on September 9, 2016. Soribada will acquire 0.28 million shares of K·SEAT Co. As per the terms of the deal, a deposit of KRW 9 billion will be paid on the signing date and the balance of KRW 6 billion will be paid on December 15, 2016. The scheduled date of completion of the deal is December 15, 2016. Hanvit Accounting Corporation acted as external rating institution. Under the new amendment the balance of KRW 6 billion will be paid as KRW 1 billion on November 30, 2016 as a second payment and the remaining KRW 5 billion will be paid on January 12, 2017. The transaction is expected to be completed by January 12, 2017. Soribada Inc. (KOSDAQ:A053110) completed the acquisition of K·SEAT Co.,LTD from Jaehak Kim, Jaeho Kim, Jungju Kim and Minjung Kim on January 12, 2017. The entire amount of the balance of KRW 5 billion was paid through a set-off issuance of new shares.