Kim, Tae Seop and another individual agreed to acquire 8.01% stake in Barun Electronics Co. Ltd. (KOSE:A064520) from Korea Digital Communications Corporation (KOSE:A029480) for KRW 5.1 billion on October 23, 2012. Korea Digital Communications will sell 2.85 million shares of Barun Electronics.

Post transaction Korea Digital will hold 7.56% stake in Barun Electronics. The Board of Directors of Korea Digital Communications took the resolution on October 23, 2012. The transaction is expected to close on October 24, 2012.