KCGI Co., Ltd. agreed to acquire 13% stake in NEXTIN, Inc. (KOSDAQ:A348210) from APS Inc. (KOSDAQ:A054620) for KRW 100.61 billion on June 21, 2024. A cash consideration of KRW 100.61 billion will be paid by KCGI Co., Ltd. As part of consideration, KRW 100.61 billion is paid towards common equity of NEXTIN, Inc.

For the period ending December 31, 2023, NEXTIN, Inc. reported total revenue of KRW 87.93 billion and net income of KRW 30.93 billion. As of December 31, 2023, NEXTIN, Inc. reported total debt of KRW 15.95 billion, total assets of KRW 142.96 billion and total common equity of KRW 127.01 billion.