Corentec Co., Ltd. (KOSDAQ:A104540) agreed to acquire 80% stake in Woosung Pharmaceutical Co., Ltd. for KRW 7.2 billion on May 9, 2023. Corentec will acquire 2.34 million shares in Woosung Pharma. The consideration will be paid in Cash.

Transaction is expected to close on May 12, 2023.