Yujin Robot Co Ltd (KOSDAQ:A056080) agreed to acquire 50% stake in GAIA Corporation from Won-Seok Na and Dae-Il Kim for KRW 3 billion in cash on November 16, 2015. Yujin Robot Co Ltd will acquire 20,001 existing shares and 20,000 new shares. Yujin Robot Co Ltd paid a deposit of KRW 750 million on November 16, 2015 and will pay the balance amount of KRW 2.25 billion on November 20, 2015.

GAIA Corporation reported total assets of KRW 5.19 billion, total liabilities of KRW 3.65 billion, total capital of KRW 1.54 billion, capital of KRW 0.3 billion, revenues of KRW 10.73 billion and net profit of KRW 97 million in 2014. The Board of Directors passed a resolution for the transaction on November 16, 2015. The transaction is expected to complete on November 20, 2015.