Hotel Hyundai Keumkang Co., Ltd. agreed to acquire an additional 0.47 million shares of Daewon Kangup Co., Ltd. (KOSE:A000430) for KRW 2.4 billion in cash on January 28, 2013. Hotel Hyundai Keumkang Co., Ltd. is acquiring 0.29 million shares of Daewon Kangup Co., Ltd. representing 0.47% stake. Post transaction, Hotel Hyundai Keumkang Co., Ltd. will hold 5.54% stake in Daewon Kangup Co., Ltd. Board of Directors of Daewon Kangup Co., Ltd. resolved the transaction.

The transaction is expected to close by January 29, 2013.