Justem Co., Ltd. (KOSDAQ:A417840) agreed to acquire 97% stake in Flamme Inc from Choi Yong-nam and major shareholders for KRW 1.8 billion on March 20, 2023. The stock purchase agreement will be concluded on the March 21, 2023. Justem plans to purchase 3,063 shares owned by major shareholders of FLAMME Inc., including Chief executive officer Choi Yong-nam, at KRW 0.585 million per share.

The board of directors approved the agenda to acquire.