Tailim Packaging Co., Ltd. (KOSE:A011280) agreed to acquire Cardboard Business Division from Youlchon Chemical Co.,Ltd. (KOSE:A008730) for KRW 43 billion on October 23, 2023. Cardboard Business Division reported Total assets of KRW 16.59 billion as on June 30, 2023. Transaction is expected to complete on December 29, 0223.

PricewaterhouseCoopers Korea acted as accountant to Youlchon Chemical Co.,Ltd. The transaction is now expected to complete on January 31, 2024.