Hyun Chul Kim entered into share purchase agreement to acquire 14.97% stake in M&C Life Science Co., Ltd. (XKON:A225860) from CHOSUN WELDING POHANG Co., Ltd (KOSE:A120030) for approximately KRW 600 million on December 23, 2019. Under the transaction, KRW 100 million was paid by Hyun Chul Kim at the time of agreement. Transaction was expected to close by February 14, 2020.