Ko Sanggeol and Ko Yuhyeon agreed to acquire 20% stake in Korea Pionics Co., Ltd. from Showa Manufacturing Co.,Ltd. (FKSE:5953) for KRW 2.7 billion on March 16, 2016. Under the terms of the deal, 1.5 million shares will be acquired. Showa Manufacturing holds 30% stake in Korea Pionics.

As of December 2015, Korea Pionics had net assets of KRW 19.9 billion, total assets of KRW 28.9 billion, sales of KRW 30.3 billion, operating profit of KRW 2.2 billion and net profit of KRW 2.2 billion. The tentative contract conclusion date is March 22, 2016. The deal is expected to close on March 30, 2016.