PAXNet, Inc. (KOSDAQ:A038160) agreed to acquire Innoenc Co., Ltd. for KRW 2.7 billion on February 10, 2021. Under the terms of the transaction, PAXNet, Inc. will acquire 10,000 shares in Innoenc Co., Ltd. The transaction is resolved by the Board of PAXNet, Inc. The transaction is expected to close on February 10, 2021.