[eDisclosure Notice] NAVER Decides to Acquire US Used Fashion Platform Worth 2 Trillion Won (Morning Summary)

[Asia Economy Reporter Minji Lee] NAVER's subsidiary Proton Parent has announced that it has decided to acquire 100% of the shares of Poshmark, a US online secondhand fashion platform. The acquisition amount is approximately KRW 2.3441 trillion, which corresponds to 6.96% of the total assets.

The company stated, "This is to secure management rights of the issuing company for entry into the US commerce market."

▲ KB Financial Group = The Korea Exchange announced that it has requested an inquiry disclosure regarding reports that its subsidiary Kookmin Bank is pushing to participate in a paid-in capital increase of up to KRW 1 trillion in Indonesia's Bukopin Bank.

▲ Celltrion = Announced that it has received approval from the Estonian clinical approval authority for the Phase 3 interchangeability clinical trial plan of Uplima (CT-P17, Humira biosimilar) in Europe.

▲ Aprogen Pharmaceuticals = Announced that it has decided to merge Aprogen Biologics through an absorption merger.

▲ HSD Engine = Announced that it has signed a contract to supply ship engines worth KRW 62.6 billion with Samsung Heavy Industries.

▲ Sekyung Hightech = Announced that it is reviewing various strategic options related to the sale of shares by the largest shareholder.

▲ ST Pharm = Announced that the AIDS treatment drug STP0404 has received approval from the US FDA for the Phase 2a clinical trial plan.

▲ ABL Bio = Announced that it has applied to the US FDA for a Phase 1 clinical trial plan for the bispecific antibody Parkinson's disease treatment ABL302.

▲ Lunit = Announced that it is scheduled to receive USD 1 million (approximately KRW 1.4 billion) following the achievement of milestone steps under the joint research and development agreement signed with Guardant Health on June 22 last year.