MJ 3 Fund agreed to acquire 16.05% stake in Glosfer Labs, Inc. (KOSDAQ:A032860) from Glosfer Holdings Co., Ltd. for KRW 19.6 billion on December 24, 2020. Under the terms, both existing shares and convertible bonds of Glosfer Labs, Inc. will be transferred to MJ 3 Fund. The consideration will be paid in tranches. The balance consideration of KRW 18.1 billion will be paid on February 19, 2021. As of February 26, 2021, correction document, the balance consideration of KRW 18.1 billion will be paid on March 5, 2021. In a related transaction, MJ 3 Fund to acquire 17.95% stake in Glosfer Labs, Inc. from GM Korea.