Kiwi Media Group Co., Ltd. (KOSE:A012170) agreed to acquire 59.74% stake in Asiaetv, Inc. from The Asia Business Daily Co., Ltd. (KOSDAQ:A127710) for KRW 7 billion on March 23, 2017. Kiwi Media Group will acquire 0.68 million shares. The transaction is expected to close on March 23, 2017.