Daemyung Hotel & Resort acquired 50% stake in Daemyung Hotel & Resort Jeju Co.,Ltd. from Daemyung Corporation Co.,Ltd. (KOSDAQ:A007720) for KRW 11 billion on July 31, 2019. Daemyung Hotel & Resort acquired 0.53 million shares for KRW 11 billion. Daemyung Hotel & Resort completed the acquisition of 50% stake in Daemyung Hotel & Resort Jeju Co.,Ltd. from Daemyung Corporation Co.,Ltd. (KOSDAQ:A007720) on July 31, 2019.