Jungjosan agreed to acquire additional 45% stake in Northern Copper Industrial Co., Ltd. from SK Networks Company Ltd. (KOSE:A001740) for approximately KRW 240 billion on November 21, 2014. Under the terms of the deal, SK Networks Company will sell 214.2 million shares in Northern Copper Industrial. The Board of Directors of SK Networks Company resolved the transaction on November 21, 2014. The scheduled date for sales and balance payment completion is September 28, 2018. As of September 28, 2018, the expected date of balance payment completion is being negotiated. Jungjosan cancelled the acquisition of additional 45% stake in Northern Copper Industrial Co., Ltd. from SK Networks Company Ltd. (KOSE:A001740) on September 28, 2019.