Bucket Studio and Inbiogen Strengthen Responsible Management

[Asia Economy Reporter Hyungsoo Park] Bucket Studio and Inbiogen are strengthening their management rights through a paid-in capital increase.

Bucket Studio announced on the 18th that it decided on a paid-in capital increase worth 30 billion KRW targeting its largest shareholder, Initial No.1 Investment Association, for the purpose of acquiring securities of other corporations. Initial No.1 Investment Association is expected to acquire 4,866,180 new shares of Bucket Studio through this capital increase.

Inbiogen also decided on a paid-in capital increase worth approximately 30 billion KRW targeting its largest shareholder, Bucket Studio. A total of 9,316,771 new shares will be issued, all of which will be 100% acquired by Bucket Studio. After the capital increase, Bucket Studio's stake in Inbiogen will increase from 32.41% to 41.49%.

In the governance structure, the largest shareholder of Bucket Studio is Initial No.1 Investment Association, and the largest shareholder of Inbiogen is Bucket Studio. Currently, Kang Ji-yeon, CEO of both Bucket Studio and Inbiogen, also concurrently serves as the representative of Initial No.1 Investment Association. The structure is connected from Kang Ji-yeon at the top → Initial No.1 Investment Association → Bucket Studio → Inbiogen → Vidente → Bithumb.

Kim Sung-kwon, Director of the Public Relations Office, explained, "CEO Kang Ji-yeon participated 100% in the paid-in capital increase through Initial No.1 Investment Association and Bucket Studio, thereby expanding her shares in Bucket Studio and Inbiogen, which she leads," adding, "This reflects her intention to strengthen control and solidify a responsible management system."

Recently, Bucket Studio invested a total of 12 billion KRW with the virtual asset exchange Bithumb to launch 'Bithumb Live,' which combines metaverse, NFT, blockchain, and live commerce. The related business division has all moved into Bucket Studio's new headquarters at Kyobo Tower Intersection, preparing for the official service launch next year. On the 3rd, institutional investor Taurus Investment Advisory (Taurus No.1 Association) participated in a large-scale convertible bond (CB) issuance announced by Bucket Studio, raising expectations for the success of the platform business.

Inbiogen is a leader in the domestic kiosk business sector, proving its competitiveness by supplying products to various franchises such as Mom's Touch, Jaws Tteokbokki, and CGV. It is solidifying its position as the number one domestic market share holder in the kiosk business, which accounts for more than 80% of total sales.

The company stated, "The large-scale investment by the largest shareholder has further strengthened the stability of the corporate governance structure," and explained, "Taking this opportunity, Bucket Studio will actively promote the new Bithumb Live business, and Inbiogen plans to strengthen its competitiveness in the kiosk business."

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