Webzen Inc. (KOSE:A069080) agreed to acquire Gala-Net, Inc. from Gala Incorporated (JASDAQ:4777) and others for KRW 19.1 billion on February 1, 2013. Gala Incorporated will receive $16.8 million (KRW 17.9 million). The Board of Directors of Webzen resolved the deal on February 1, 2013. The deal is expected to close by February 15, 2013. The currency conversion is done as of February 1, 2013 from www.oanda.com.

Webzen Inc. (KOSE:A069080) completed the acquisition of Gala-Net, Inc. from Gala Incorporated (JASDAQ:4777) and others on February 15, 2013.