Sechul Park signed a contract to acquire a 3.2% stake in IM Co.,Ltd (KOSDAQ:A101390) from Euljae Son for KRW 3 billion on May 16, 2019. As per the terms, Sechul Park will acquire 1.2 million shares and deposit will be paid on the contract signing date and the remaining balance to be paid a day before the extraordinary meeting of shareholders. Sechul Park cancelled the acquisition of a 3.2% stake in IM Co.,Ltd (KOSDAQ:A101390) from Euljae Son on May 16, 2020.