YeaRimDang Publishing Co., Ltd. (KOSE:A036000) and Pocket Games Incorporation (KOSE:A004870) signed a share purchase agreement to acquire an additional 73.15% stake in Tway Air Co., Ltd. from Korea Deposit Insurance Corporation for KRW 7 billion in cash on December 18, 2012. The transaction is executed through a bidding contest. Under the terms of the agreement, YeaRimDang Publishing and Pocket Games will acquire 21.66 million and 8.6 million shares of Tway Air respectively and will pay KRW 5 billion and KRW 2 billion for their respective stakes.

Upon completion of the acquisition, YeaRimDang Publishing will hold 25.66 million shares of Tway Air. Yearimdang will inject additional funds to T'way for further expansion. The Board of Directors of Pocket Games passed the resolution on December 18, 2012.