ResearchAlum, 1 Billion KRW Small-Scale Private Placement Increase

[Asia Economy Reporter Hyungsoo Park] Independent research firm 'ResearchAlum' is launching a small-scale private placement through a crowdfunding method with the goal of going public.

ResearchAlum announced on the 22nd that it will proceed with a 'small-scale private placement' worth 1 billion KRW.

Choi Seonghwan, CEO of ResearchAlum, explained, "This is to provide an opportunity to invest directly in ResearchAlum," and "to participate together in the process of going public in the future."

The investment scale is 1 billion KRW, with each subscription unit allowing an investment of 20 million KRW. Subscription will be open until the 1st of next month, and payment must be completed by the 8th.

If the competition rate is high, priority will be given based on the number of subscription units and the application time. If the target amount is not met, the management team will cover the shortfall.

The funds raised will be used for talent recruitment, application development, and establishing an asset management company.

Investors wishing to invest can refer to the 'Small-scale Private Placement Application' page on the ResearchAlum website. CEO Choi Seonghwan is embarking on a new challenge after being admitted to NYU (New York University) Stern School of Business, a prestigious MBA program in New York, USA. He plans to introduce advanced financial systems to Korea and devise ways to increase investors' returns.

ResearchAlum newly appointed CEO Lee Donghyun, who distinguished himself in mid- and small-cap stock investments while managing the Norwegian sovereign wealth fund during his tenure at Truston Asset Management.

This content was produced with the assistance of AI translation services.