TERRASEM Co., Ltd. (XKON:A182690) agreed to acquire 18.75% stake in K-Lab for KRW 300 million on September 21, 2015. Under the terms of the agreement, TERRASEM Co. will acquire 0.02 million shares at KRW 12500 per share.

K-Lab reported total assets of KRW 45 million, sales of KRW 137 million and net loss of KRW 155 million for the year ended December 31, 2014. The Board of TERRASEM resolved the deal on September 21, 2015. The deal is expected to close on September 22, 2015.