Shinsegae Engineering & Construction Co., Ltd. (KOSE:A034300) agreed to acquire 0.63% stake in Engineering Financial Cooperative Co., Ltd. for approximately KRW 2 billion on December 15, 2014. Shinsegae Engineering & Construction will acquire 4,000 shares of Engineering Financial Cooperative. Engineering Financial Cooperative had total assets of KRW 387.31 billion, total liabilities of KRW 65.19 billion, total stockholders' equity of KRW 322.13 billion, revenue of KRW 41 billion and net profit of KRW 20.69 billion for the year ended December 31, 2013.

The Board of Shinsegae Engineering & Construction Co resolved the deal on December 15, 2014. The transaction is expected to complete on December 16, 2014.