PNC Technologies co., Ltd agreed to acquire 3.65% stake in Mugunghwa Trust Co., Ltd. from Oh Chang Suk for KRW 17 billion.

PNC Technologies Co., Ltd is a Korea-based company mainly engaged in the manufacture of digital power equipment. The Company products include feeder remote terminal units (FRTUs) which are used for remote monitoring and supervising the voltage, current and other status, digital protection relays which are used for protection of small or medium motors or motor feeders. The Company also produces remote monitoring and control systems including micro remote control terminals, communication relay devices, central system software and others. The Company also engaged in the manufacture of fault locators such as railway fault locators, electronic and digital meters, sprinkler systems and others.