CJ ENM CO., Ltd. (KOSDAQ:A035760) agreed to acquire 5% stake in Netmarble Corporation (KOSE:A251270) for KRW 250 billion on July 10, 2024. A cash consideration of KRW 250.12 billion will be paid by CJ ENM CO., Ltd. As part of consideration, KRW 250.12 billion is paid towards common equity of Netmarble Corporation.

The expected completion of the transaction is July 12, 2024.