Woory Industrial to Acquire 100% of Elex for KRW 57.85 Billion

Woory Industrial will acquire 100% of Elex, an automotive components manufacturer, for KRW 57.85 billion. The purchase covers 477,490 shares held by Woory Industrial Holdings and Kim Jung-woo, with completion scheduled for Jan. 15, 2027. Existing cash will fund the purchase, with 10% payable on Oct. 15, 2026, and the balance at completion. The acquisition aims to strengthen competitiveness through vertical integration of key components and improve governance transparency. The purchase price represents 46.89% of the buyer’s equity and 16.91% of total assets. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woory Industrial Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261015000444), on October 16, 2026, and is solely responsible for the information contained therein. (C) Copyright 202