An unknown buyer entered into a contract to acquire a 28.75% stake in U&I Corporation from Ja-gyo Gu, Jia Kim, Donghwan Gu, Sangmin Kim and Jun-gyo Jung for KRW 26 billion.

Innosys Co Ltd, formerly EdisonInno Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of orthopedic medical devices. The Company operates its business through two segments. The Medical Device Business segment is engaged in the manufacture and sale of spinal fixation devices, micro-invasive medical devices for the treatment of back pain, fracture treatment devices, bioabsorbable alloy implants and other products. The Electric Energy Business segment is engaged in the manufacture and sale of electricity meters, integrated calorimeters and other products.