Young-Jin Kim, Paean, Inc. and other investors entered into an agreement to acquire 50% stake in Handok Pharmaceuticals Co., Ltd. (KOSE:A002390) from Hoechst GmbH on September 26, 2012. Young-Jin Kim will acquire 0.696 million shares representing 6% stake in Handok Pharmaceuticals Co., Ltd. as a result of which his stake increases to 14.12%. Paean, Inc. will acquire approximately 3.48 million shares representing 29.99% stake in Handok Pharmaceuticals.