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 b