An unknown buyer agreed to acquire unknown minority stake in NAVER Z Corporation from YG Plus, Inc. (KOSE:A037270) for KRW 7.4 billion on February 13, 2023. KRW 5.7 billion will be paid within 3 weeks after the contract signing date and remaining KRW 1.7 billion will be paid when conditions for receiving additional sales proceeds met. As part of transaction, YG Plus will sell 728 shares.

The transaction is expected to complete on March 7, 2024.