Kiwoom Securities Co., Ltd. (KOSE:A039490) agreed to acquire 4.65% stake in Wisebirds Inc. for KRW 4 billion on December 8, 2017. The deal value is payable in cash. For the year ending December 31, 2016, Wisebirds Inc. reported total assets of KRW 26 billion, total capital of KRW 12.1 billion, revenues of KRW 57.8 billion and net profit of KRW 2 billion.

The Board of Directors of Kiwoom Securities Co., Ltd. passed a resolution for the deal on December 8, 2017. The deal is expected to close on January 15, 2018.