A consortium including STIC Investments, Inc acquired 10% stake in Innocean Worldwide, Inc. from Hyundai Motors Chung Mong Koo Foundation for KRW 100 billion on December 24, 2013. Hyundai Motors Chung Mong Koo Foundation sold 0.18 million shares of Innocean Worldwide for KRW 0.56 million per share. Goldman Sachs acted as financial advisor for Hyundai Motors Chung Mong Koo Foundation. Hee Woong Yoon of Chambers & Partners acted as legal advisor for Hyundai Motors Chung Mong Koo Foundation.

A consortium including STIC Investments, Inc completed the acquisition of 10% stake in Innocean Worldwide, Inc. from Hyundai Motors Chung Mong Koo Foundation on December 24, 2013.