Hankook Steel Co., Ltd. (KOSE:A025890) agreed to acquire remaining 50% stake in Hankook Steel & Ingot Co.,Ltd. from Han Kook Steel & Mill Co., Ltd. for KRW 10.3 billion on October 10, 2017. Under the terms of the transaction, Hankook Steel Co., Ltd. will acquire 0.1 million shares. The consideration will be paid on the date of agreement. For the year ended December 2016, Hankook Steel & Ingot Co.,Ltd. reported total assets of KRW 35.2 billion, total capital of KRW 21.02 billion, sales of KRW 5.5 billion, and net profit of KRW 1.3 billion. The transaction was resolved by the board of directors of Hankook Steel Co., Ltd. The transaction is expected to close on October 10, 2017.