SeAH Steel International Co., Ltd. agreed to acquire Seah Japan Co., Ltd. from SeAH Steel Corporation (KOSE:A003030) for KRW 5.8 billion on May 8, 2018. In a related transaction, SeAH Steel International Co., Ltd. agreed to acquire stakes in 9 other companies from SeAH Steel Corporation on May 8, 2018. SeAH Steel Corporation will subscribe for 2 million shares of SeAH Steel International Co., Ltd and will sell stake in 10 companies to SeAH Steel International Co., Ltd as investment in kind. For the year ended December 31, 2017, Seah Japan Co., Ltd reported sales of KRW 223.2 billion and net loss of KRW 6.2 billion. As of December 31, 2017, Seah Japan Co., Ltd reported total assets of KRW 58.2 billion and net liabilities of KRW 5.4 billion. The transaction has been resolved by the Board of SeAH Steel Corporation. The transaction is expected to be completed on July 23, 2018. Samil PricewaterhouseCoopers acted as an External Rating Institution for SeAH Steel Corporation. SeAH Steel International Co., Ltd. completed the acquisition of Seah Japan Co., Ltd. from SeAH Steel Corporation (KOSE:A003030) on August 29, 2018.