LG Household and Health Care, Ltd. (KOSE:A051900) signed an agreement to acquire 86% stake in CNP Cosmetics Co., Ltd. for KRW 54.2 billion on October 22, 2014. LG Household and Health Care, Ltd. agreed to acquire 0.07 million shares under the transaction. CNP posted an operating profit of KRW 4.8 billion, net profit of KRW 3.64 billion, sales revenue of KRW 16.15 billion, total stockholders' equity of KRW 9.13 billion, total liabilities of KRW 3.24 billion and total assets of KRW 12.37 billion on December 31, 2013.

The transaction is expected to complete on November 27, 2014. Chang-Hyun Song of Shin & Kim acted as legal advisors to CNP Cosmetics.