Jcontentree corp. (KOSDAQ:A036420) agreed to acquire Film Monster Co., Ltd. from Jaekyu Lee, Chulsoo Park and Quoss Communication Co. for KRW 20 billion on February 28, 2019. The consideration will be paid in cash. For the year ended December 31, 2018, Film Monster reported sales of KRW 7.8 billion and net profit of KRW 3.5 billion. As of December 31, 2018, Film Monster reported total assets of KRW 9 billion and total capital of KRW 3.4 billion. The transaction was resolved by Board of Directors on February 28, 2019. The transaction is expected to close on April 12, 2019.