Jeju Air Decides on 170 Billion KRW Paid-in Capital Increase
[Asia Economy Reporter Jeon Jinyoung] Jeju Air announced on the 21st that it has decided on a paid-in capital increase worth 169,999,999,000 KRW. Through this capital increase, Jeju Air plans to raise 102,199,990,000 KRW for operating funds and 67,800,000,000 KRW for debt repayment. The capital increase will be conducted through a rights offering to existing shareholders followed by a general public offering for any unsubscribed shares. The total number of common shares issued before the capital increase is 26,356,758 shares.
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