Kakao M Decides on 210 Billion KRW Paid-in Capital Increase

[Asia Economy Reporter Kim Ji-hee] Kakao announced on the 16th that its subsidiary Kakao M has decided to conduct a third-party allotment paid-in capital increase worth 209.81635 billion KRW targeting Musical & Company Ltd. It will issue 1,147,974 shares at 182,771 KRW per share (face value 500 KRW). The company explained, "The board of directors made the final selection considering the investor's intention, payment ability, and timing to achieve management objectives and promptly secure necessary funds."

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