Credu Corporation (KOSDAQ:A067280) agreed to acquire educational contents business of Samsung SDS Co., Ltd. (KOSE:A018260) for KRW 75.3 billion on September 7, 2015. As of 2014, educational contents business of Samsung SDS reported total assets of KRW 4.1 billion and sales of KRW 92.2 billion. The deal is approved by the shareholders of Credu Corporation on October 20, 2015.

The transaction is expected to close on November 11, 2015. Ernst & Young, Korea, Financial Advisory Arm acted as financial advisor for Credu.