Kueum Myeung Corporation, Daelim AF Co., Ltd. and Seonha Trading Co., Ltd. agreed to acquire Jedong Leisure Co., Inc. from Hanjin Kal Corp. (KOSE:A180640) for KRW 23 billion on December 18, 2020. Under the terms of the transaction, Hanjin Kal Corp. will sell 2.8 million shares for KRW 23 billion. Kueum Myeung Corporation, Daelim AF Co., Ltd. and Seonha Trading Co., Ltd. will acquire 50%, 40% and 10% stake. At the end of 2019, Jedong Leisure Co., Inc. reported total assets of KRW 30.38 billion, revenue of KRW 6 million, net income of KRW 14 million and total equity of KRW 26.87 billion. On December 18, 2020, the Board of Directors of Hanjin Kal Corp. unanimously approved the transaction. The disposition scheduled date is stated as February 28, 2021. Kueum Myeung Corporation, Daelim AF Co., Ltd. and Seonha Trading Co., Ltd. completed the acquisition of Jedong Leisure Co., Inc. from Hanjin Kal Corp. (KOSE:A180640) on February 22, 2021.