Posco Co., Ltd. agreed to acquire a 19.30% stake in Jeen Pung Industrial Co., Ltd. from POSCO Holdings Inc. (KOSE:A005490) for KRW 1.4 billion on November 18, 2022. Under the terms, Posco Co., Ltd. will acquire 9,566 shares for KRW 143,807 per share. The transaction is resolved by the board of Posco and expected to complete in December 2022.

The transaction is resolved by the board of Posco and expected to complete in December 2022.