The Korea Herald

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KG Inicis to acquire NHN KCP stocks worth US$13.7m

By 황유미

Published : June 28, 2016 - 17:02

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[DISCLOSURE] KG Inicis (035600) has decided to acquire 903,713 shares of NHN KCP (060250) for 16.2 billion won (US$13.7 million) to participate in the Payco O2O business, it announced on June 28. KG Inicis will own 5 percent stake of the cyber payment company.