An unknown buyer agreed to acquire 92.5% stake in Qingdao Samseung Electronics Co., Ltd. from THN Corporation (KOSE:A019180) for KRW 5.8 billion on May 8, 2023. For year ended 2022, Qingdao Samseung reported total assets of KRW 7.2 billion, total capital of KRW 16.3 billion and net loss of KRW 623 million. The transaction is expected to complete on July 7, 2023.

The transaction is expected to complete on August 9, 2023.