Hweehyun agreed to acquire SKPINX Co.,Ltd. from SK Networks Company Limited (KOSE:A001740) for KRW 302.9 billion on December 22, 2020. As per terms, SK Networks Company Limited will sell 2 million shares of SKPINX Co.,Ltd. at KRW 0.2 million per share. For the year ended December 31, 2019, SKPINX Co.,Ltd. reported total assets of KRW 239.47 billion, net assets of KRW 177.06 billion, total sales of KRW 41.28 billion and net income of KRW 4.29 billion. The transaction is expected to close on December 24, 2020.