KleanNara Co., Ltd. (KOSE:A004540) agreed to sell 39.1% stake in Nara Cablevision Inc. for KRW 12.1 billion on December 14, 2012. KleanNara will dispose 0.78 million shares of Nara Cablevision. For the year ended December 31, 2011, Nara Cablevision reported sales of KRW 10.3 billion, net income of KRW 407.98 million, total assets of KRW 24.96 billion, total borrowings of KRW 7.73 billion and shareholder's equity of RW 13.42 billion.

The Board of Directors of KleanNara resolved for the disposal on December 14, 2012.