The Korea Herald

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KG Inicis to acquire 60% of Samsung affiliate Allat

By 윤정현

Published : Sept. 26, 2016 - 17:00

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[DISCLOSURE] KG Inicis (035600), an online payment gateway service provider, said on Sept. 26 that it will acquire 600,000 shares (60 percent) of Allat, an affiliate of Samsung. 

The company added that after the acquisition, it will “further solidify our top market share in PG industry.” It also plans on expanding to online-to-offline commerce using VAN Business.


By Yun Jeong-hyeon (clareyun@heraldcorp.com)