Coset Inc. (XKON:A189350) agreed to acquire communication business division communication segment from Iosolution Co., Ltd. for KRW 2.4 billion on December 27, 2017. As per the terms of the transaction, KRW 1.3 billion was paid for debt while cash amount to be paid was KRW 1.1 billion. An amount of KRW 500 million will be paid on formal contract signing date while KRW 578.6 billion will be paid on acquisition execution date. The Board of Directors of Coset Inc. resolved the transaction on December 27, 2017. The acquisition record date is expected to be December 31, 2017. Coset Inc. (XKON:A189350) completed the acquisition of communication business division communication segment from Iosolution Co., Ltd. on January 2, 2018.