Kyobo Securities Co., Ltd., Investment Arm agreed to acquire 0.81% stake in Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) for approximately KRW 30 billion in cash on January 4, 2013. Kyobo Securities agreed to acquire 1.25 million shares of Hyundai Merchant Marine. The Board of Directors of Kyobo Securities took the resolution for acquisition on January 4, 2013. The transaction is expected to close by January 4, 2013.

Kyobo Securities Co., Ltd., Investment Arm cancelled the acquisition of 0.81% stake in Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) on January 4, 2014.