Hankuk Carbon Co., Ltd. (KOSE:A017960) agreed to acquire Hankuk Advanced Materials Co., Ltd. from Jo Yeon-ho and others for approximately KRW 130 billion on July 12, 2023. As of December 31, 2022, generated total assets of KRW 97.9 billion, sales of KRW 69.7 billion and net income of KRW 8.6 billion. The transaction is expected to close on September 30, 2023.