KG Chemical Corporation (KOSE:A001390) and NHN Entertainment Corp. (KOSE:A181710) signed a letter of intent to acquire ShinMac Company Ltd. on July 26, 2016. The acquisition terms and the investment amount are not yet confirmed.

KG Chemical Corporation (KOSE:A001390) and NHN Entertainment Corp. (KOSE:A181710) cancelled the acquisition of ShinMac Company Ltd. on October 25, 2016. The transaction has been cancelled due to huge difference in views.