Carrot Insurance, 100 Billion KRW Paid-in Capital Increase
[Asia Economy Reporter Lim Hye-seon] Digital non-life insurance company Carrot General Insurance announced on the 26th that it will carry out a paid-in capital increase worth 100 billion KRW.
90 billion KRW (18 million shares) will be allocated to existing shareholders, and 10 billion KRW (2 million shares) will be allocated to a third party. The third-party allottee is T Map Mobility Co., Ltd. The par value per share is 5,000 KRW, and 0.9 shares will be allocated per existing share.
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Hanwha General Insurance, which holds 51.6% of Carrot General Insurance's shares, stated, "The funds raised through the paid-in capital increase will be used to improve Carrot General Insurance's financial structure."
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