TONGYANG NETWORKS Corporation (KOSE:A030790) agreed to acquire an additional 43.6% stake in TongYang Online Co., Ltd. from Trans Cosmos Inc. (TSE:9715) for KRW 6.5 billion on January 17, 2013. TONGYANG NETWORKS Corporation will acquire 0.86 million shares of TongYang Online Co., Ltd., increasing its stake from 41.55% to 85.15%. The transaction was resolved by the Board of TONGYANG NETWORKS Corporation. The transaction is expected to close on January 18, 2013.

TONGYANG NETWORKS Corporation (KOSE:A030790) completed the acquisition of an additional 43.6% stake in TongYang Online Co., Ltd. from Trans Cosmos Inc. (TSE:9715) on January 18, 2013.