LS ELECTRIC Co., Ltd. (KOSE:A010120) agreed to acquire an unknown stake in Koc Electric Co., Ltd. on May 23, 2024. LS ELECTRIC Co., Ltd. will pay a combined deal value of KRW 59 billion for the acquisition and primary infusion. As of December 31, 2023, Koc Electric Co., Ltd reported total assets of KRW 77.5 billion, total debt of KRW 46 billion, total capital of KRW 31.4 billion, sales of KRW 93 billion, and net income of KRW 5.9 billion.