Hungkuk Life Insurance Co., Ltd. and Heungkuk Fire & Marine Insurance Co., Ltd. (KOSE:A000540) agreed to acquire the insurance agency business of Total System & Information Service Co., Ltd. for approximately KRW 840 million on June 26, 2012. Hungkuk Life will pay KRW 84.66 million and Heungkuk Fire will pay KRW 756.83 million. As of end of 2011, the insurance agency business reported total assets of KRW 2077, liabilities of KRW 1358, and sales revenue of KRW 0.01 million. The transaction was resolved by the Board of Directors of Total System & Information Service Co. on June 26, 2012. The general meeting of shareholders is scheduled on June 27, 2012. An agreement will be signed between the parties in future. The transaction is expected to complete on July 1, 2012. The transaction will improve financial structure of Total System & Information through improvement of profit and loss.

Hungkuk Life Insurance Co., Ltd. and Heungkuk Fire & Marine Insurance Co., Ltd. (KOSE:A000540) cancelled the acquisition of the insurance agency business of Total System & Information Service Co., Ltd. on June 26, 2013.