Korea Technology Responds to Stock Sale Application: "Over 75% Principal Repaid, No Management Issues"

[Asia Economy Reporter Jang Hyowon] Korea Technology, a KOSDAQ-listed company (CEO Shin Yonggu, Lee Byunggil), announced on the 28th that it will respond according to legal procedures regarding the stock sale application filed by D.Sense Co., Ltd. at the Seoul Central District Court on the 23rd.

A representative of Korea Technology stated, "The claim amount asserted by D.Sense is excessive compared to the approximately 3.3 billion KRW of remaining debt recognized by our company," and added, "We have already repaid an amount equivalent to more than 75% of the principal, so there is no impact on the ongoing business and management."

The company explained that this matter overlaps with the announcement made on the 18th of last month, and that on the 16th, it filed a petition seeking to prohibit compulsory execution for the amount exceeding the remaining debt recognized by the company.

Furthermore, the company added, "We are proactively leading innovative new businesses such as real estate development and sales, as well as real estate sales projects utilizing blockchain and NFT," and stated, "We believe that the stock sale application related to the minor remaining debt will not affect management."

Meanwhile, Korea Technology held an extraordinary general meeting of shareholders on the 17th, where it resolved to add numerous new business purposes including ▲real estate development and sales ▲virtual reality (Metaverse) ▲blockchain ▲NFT tokens, and to appoint Lim Jangwon, CEO of Chainstry and regarded as a top blockchain expert, as an inside director.

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