Naver Decides on 232.1 Billion KRW Capital Increase for Subsidiary
[Asia Economy Reporter Eunmo Koo] Naver (NAVER) announced on the 28th that its subsidiary, the U.S. corporation Webtoon Entertainment Inc., has decided to conduct a third-party allotment paid-in capital increase worth 232.18562 billion KRW to raise funds for acquiring securities of other companies. The third-party allotment recipient is the affiliate LINE Corporation.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The company stated, "By adjusting the equity structure among affiliates engaged in the webtoon business within our subsidiaries, Webtoon Entertainment will oversee the webtoon business, and corporations operating webtoon businesses in Korea, Japan, China, and other countries will be placed under Webtoon Entertainment." They added, "This paid-in capital increase is one of the step-by-step procedures for this purpose."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
