PXN Holdings Co., Ltd. acquired 14.4% stake in PAXNet, Inc. (KOSDAQ:A038160) for KRW 7.8 billion on December 3, 2019. PAXNet generated total assets of KRW 62.8 billion and net income of -1.97 billion for the year ended on December 31, 2018. PXN Holdings Co., Ltd. completed the acquisition of 14.4% stake in PAXNet, Inc. (KOSDAQ:A038160) on December 3, 2019.