Korea United Pharm Inc. (KOSE:A033270) agreed to sell 41% stake in Korea United Bio-Chem Pharmaceutical on December 23, 2014. Korea United Bio-Chem Pharmaceutical recorded total assets of KRW 10.62 billion and net liabilities of KRW 1.3 billion for the year ended December 31, 2013. The Board of Directors of Korea United Bio-Chem Pharmaceutical passed a resolution for the transaction.