DAE-IL Corporation (KOSE:A092200) agreed to acquire 50.71% stake in Daeil Automotive Parts (Zhangjiagang) Co., Ltd. from DAEILINNOTECH Corporation on June 21, 2023. As of March 31, 2023. Daeil Automotive Parts (Zhangjiagang) Co., Ltd. generated total assets of KRW 104 billion.

The transaction is expected to close on June 22, 2023.