Hotel Hyundai Keumkang Co., Ltd. agreed to acquire an additional 1.33% stake in Daewon Kangup Co., Ltd. (KOSE:A000430) for KRW 7.3 billion on November 6, 2012. Hotel Hyundai Keumkang Co., Ltd. is acquiring 0.83 million shares of Daewon Kangup Co., Ltd. representing 1.33% stake and post transaction will hold 5.07% stake. The transaction has been resolved by Board of Directors of Hotel Hyundai Keumkang Co., Ltd on November 6, 2012.

The deal is expected to close by November 7, 2012.