Daewon Media Co., Ltd (KOSE:A048910) agreed to acquire Daiwaon Culture Industry Inc. Co., Ltd. from Curexo Inc (KOSE:A060280) for KRW 2.5 billion on September 25, 2012. Curexo will dispose 0.43 million shares of Daiwaon Culture Industry. Daiwaon Culture reported revenues of KRW 23.3 billion, net loss of KRW 98.8 million, total assets of KRW 9.9 billion and total common equity of KRW 3.1 billion for the year ending December 31, 2011. The Board of Directors' passed a resolution for the transaction on September 25, 2012. The scheduled date of disposal is September 26, 2012.

Daewon Media Co., Ltd (KOSE:A048910) completed the acquisition of Daiwaon Culture Industry Inc. Co., Ltd. from Curexo Inc (KOSE:A060280) on September 26, 2012.