Posco Co., Ltd. agreed to acquire a 4.82% stake in Dongkuk Industries Co., Ltd. (KOSDAQ:A005160) from POSCO Holdings Inc. (KOSE:A005490) for KRW 12.9 billion on November 18, 2022. Under the terms, Posco will acquire 2,611,989 shares for KRW 4,920 per share. In related transactions, Posco acquires stake in 57 other companies.

The transaction is resolved by the board of Posco and expected to complete in December 2022.