Bridgetec Corp. (KOSDAQ:A064480) agreed to acquire an additional 1.9% stake in K-Bank from The YAP Company for KRW 4.2 billion on January 31, 2017. Bridgetec will acquire 0.8 million shares at KRW 5200 each and Bridgetec Corp. will pay KRW 2 billion upon contract signing and balance of consideration within 3 days from the application approval date for the K-Bank board of directors approval and Financial Services Commission for excess ownership approval. The transaction is expected to be completed by February 16, 2017. As of February 16, 2017, the scheduled acquisition date is March 31, 2017. Gilin Accounting Corporation acted as valuer in the transaction.