Monsoon Korea Co., Ltd. signed an agreement to acquire 3.4% stake in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Future Tech One Co., Ltd. for KRW 6.1 billion on December 28, 2018. Under the transaction, Monsoon Korea Co., Ltd. acquires 2 million shares. As consideration a deposit of KRW 1.4 billion shall be paid till December 28, 2018 and remaining KRW 4.7 billion shall be paid until January 10, 2019. The seller shall hold an extraordinary shareholders' meeting after the date of the conclusion of this agreement and appoint four of the seven in-house Directors or external Directors nominated by the buyers as internal Directors or external Directors of Magic Micro Co.,Ltd. Monsoon Korea Co., Ltd. cancelled the acquisition of 3.4% stake in Magic Micro Co.,Ltd. (KOSDAQ:A127160) from Future Tech One Co., Ltd. on December 28, 2018. Monsoon Korea Co., Ltd. was unable to make payment on the date of payment.