Wemade Co.,Ltd. (KOSDAQ:A112040) agreed to acquire 4.999733% stake in Madngine Inc. from Lee Jung Wook, Son Myun Seok and others for approximately KRW30 billion on May 30, 2023. For the year ended December 31, 2023 the financial are Total revenues KRW0, Total Assets KRW8.9 billion, Total Common Equity KRW2.1 billion and Net loss KRW11 billion. The transaction is expected to close on June 7, 2023.

Wemade Co.,Ltd. (KOSDAQ:A112040) completed the acquisition of an additional 5% stake in Madngine Inc. from Lee Jung Wook, Son Myun Seok and others on August 9, 2023.