Yonghwa Lee signed a contract to acquire 32.756% stake in DAVOLINK Inc. (KOSDAQ:A340360) from TERA SCIENCE.Co.,LTD (KOSDAQ:A073640) for KRW 2.9 billion on November 23, 2023. The acquisition will be raised from buyers own funds. Of the purchase price, KRW 14,498,775,770 in gold will be paid on the contract date, and KRW 14,498,775,760 in gold will be paid Paid on January 18th, 2024.

Transaction is expected to close on January 18, 2024.