Gold-Finance Korea Ltd. entered into an agreement to acquire 28.4% stake in Fantagio Corp. (KOSDAQ:A032800) from Savoy Investment And Development Company Limited, Savoy E&M, and Sung-Shik Cho for KRW 30 billion on October 12, 2016. Under the terms of the transaction, Gold-Finance Korea will acquire 13.6 million shares at KRW 2,202 per share. The consideration will be paid in two installments with KRW 3 billion on October 12, 2016 and remaining on November 24, 2016. The transaction is expected to be closed on December 1, 2016.