Hosun Kim agreed to acquire an additional 10.9% stake in Virtualtek Corp (KOSDAQ:A036620) from Jihyun Seo for KRW 10.3 billion on March 25, 2019. Under the terms of the transaction, Hosun Kim will acquire 4.3 million shares of which 1 million shares will be acquired at KRW 2500 per share and deposit payment of KRW 250 million for the same will be done on March 25, 2019 and the remaining will be paid on April 30, 2019. 3.3 million shares will be acquire at KRW 2350 per share and the payment will be done on February 28, 2021. The transaction will be funded through KRW 20.6 billion own funds of Hosun Kim. Hosun Kim is selected as the registered director at the general meeting of shareholders of Virtualtek. The transfer of 1 million shares completed on March 25, 2019. The transaction is expected to complete on April 30, 2019.