Kakao Page Corp. agreed to acquire additional 5% in D&C Media Co.,Ltd. (KOSDAQ:A263720) for KRW 21.2 billion on August 20, 2020. As per terms, additional 0.61 million shares will be acquired in cash. The consideration is expected to be paid on August 21, 2020. Post completion, Kakao Page Corp. will hold 2.8 million shares in D&C Media Co.,Ltd. accounting for 23.1% stake. The Board of Directors of Kakao Page Corp. resolved the deal on August 20, 2020.