UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of [July] 2007
MIRAE CORPORATION
(Translation of registrant’s name into English)
#9-2, CHA AM-DONG, CHUN AN, CHUNG CHONG NAM-DO 330-200
REPUBLIC OF KOREA
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ( ü ) No Form 40-F ( )
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ( ) No ( ü )
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
The registrant files with the Korea Securities Exchange the notice dated July 19, 2007. Attached is English language version of the notice.
The following table sets forth the summary of the decision on investment in other corporation.
| 1. Details of issuing company | Name of company | GLD Corporation | Representative | Kim, Chung Soo | ||||||
| Capital Stock (KRW) | 1,500,000,000 | Total number of outstanding Shares | 1,500,000 | |||||||
Relationship to company | Affiliated Company | |||||||||
| Main Business | Development of Display and illumination related product | |||||||||
2. Details of acquisition | Number of shares to be acquired | 15,103,166 | ||||||||
Acquisition Amount (KRW) | 15,103,166,000 | |||||||||
| Equity Capital (KRW) | 86,180,884,062 | |||||||||
| Ratio to Equity Capital (%) | 17.5 | |||||||||
| Applicability of Large-scale Corporation | No | |||||||||
3. Number of shares held and shareholding ratio after Acquisition | Number of Shares Held | 16,303,166 | ||||||||
| Shareholding Ratio | 98 | |||||||||
| 4. Acquisition method | Payment in cash and asset divestiture | |||||||||
| 5. Purpose of acquisition | Acquisition of shares through diversification of the scope of business | |||||||||
| 6. Scheduled acquisition date | July 25, 2007 | |||||||||
7. Subject to Filing of report on asset acquisition | No | |||||||||
| - Total asset in the Latest Fiscal Year (KRW) | 164,813,414,606 | Acquisition cost / Total Asset (%) | 9.2 | |||||||
| 8. Date of Board of directors’ resolution (Decision date) | July 19, 2007 | |||||||||
| - Attendance of outside directors | Present (No) | 3 | ||||||||
| Absent (No) | — | |||||||||
| - Attendance of auditors (members of Audit Committee) | Present | |||||||||
| 9. Other reference concerning investment decisions | - | |||||||||
 Relevant Disclosure: - | ||||||||||
[Condensed Financial Statement of Issuing Company]
| (Unit: million KRW) | ||||||||||||
Type | Total Assets | Total Liabilities | Total Shareholders’ Equity | Capital Stock | Sales | Net Income | ||||||
FY 2006 | 371 | 35 | 336 | 1,500 | 0 | -16 | ||||||
FY 2005 | 415 | 64 | 352 | 1,500 | 36 | -75 | ||||||
FY 2004 | 1,137 | 161 | 976 | 1,500 | 509 | 110 | ||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 19, 2007
| By | /s/ Gi-Hoon Joung | |||
| Gi-Hoon Joung | ||||
| Mirae Corporation | ||||
| Director of Accounting Team and Acting CFO |
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