Samsung Securities Co. Ltd. (KOSE:A016360) agreed to acquire an additional 47% stake in Samsung Futures Inc. from Samsung Life Insurance Co., Ltd. (KOSE:A032830), Samsung Fire & Marine Insurance Co., Ltd. (KOSE:A000810), and Samsung Life Public Welfare Foundation, Endowment Arm for KRW 82 billion on May 9, 2014. Samsung Securities will acquire 1.18 million shares of Samsung Futures and after the deal, Samsung Securities will hold 98% stake in Samsung Futures. Samsung Life Insurance Co., Ltd. will sell 1.03 million shares for KRW 71.57 billion, Samsung Fire & Marine Insurance Co. will sell 0.1 million shares for KRW 6.98 billion, and Samsung Life Public Welfare Foundation will sell 0.05 million shares for KRW 3.49 billion.

For the year ended December 31, 2013, Samsung Futures reported revenues of KRW 46.8 billion, total assets of KRW 786.1 billion, net income of KRW 5.5 billion and total common equity of KRW 138.2 billion. The Board of Samsung Life Insurance Co. approved the deal. The transaction is expected to settle on May 14, 2014.