Inet-School, Inc. (KOSE:A060240) agreed to sell 4.93% stake in JYP Entertainment Co., Ltd. for KRW 2.3 billion on January 1, 2013. Inet-School, Inc will sell 0.13 million shares of JYP Entertainment Co., Ltd. The transaction has been resolved by Board of Directors of Inet-School, Inc. and is expected to close by January 27, 2014.

Inet-School, Inc. (KOSE:A060240) completed the acquisition of 4.93% stake in JYP Entertainment Co., Ltd. for KRW 2.2 billion on November 5, 2013. The deal terms were revised on November 5, 2013 and the consideration was changed from KRW 2.27 billion to KRW 2.23 billion.