HJ Entertainment Co., Ltd. signed a contract to acquire entertainment business department from Tae Yang C&L Co., Ltd. (KOSDAQ:A072520) for KRW 1 billion on October 13, 2017. As per the terms of the transaction, HJ Entertainment Co., Ltd. paid KRW 200 million as deposit and will pay KRW 800 million by October 24, 2017. As of December 15, 2017, HJ Entertainment Co., Ltd. paid KRW 300 million on October 24, 2017 and KRW 500 million will be paid on December 22, 2017.