Shinsegae Inc. (KOSE:A004170) agreed to acquire an additional 52.08% stake in Gwangju Shinsegae Co., Ltd. (KOSE:A037710) from Yongjin Jung for approximately KRW 230 billion on September 14, 2021. After transaction Shinsegae will hold 62.5% stake. The transaction is expected to close on September 14, 2021.

Shinsegae Inc. (KOSE:A004170) completed the acquisition of additional 52.08% stake in Gwangju Shinsegae Co., Ltd. (KOSE:A037710) from Yongjin Jung on September 14, 2021.