Musinsa and Dunamu to Inject Additional 40 Billion KRW in Capital Increase for Limited Edition Market 'Soldout'
[Asia Economy Reporter Koo Eun-mo] Musinsa and Dunamu announced on the 7th that they have injected an additional 40 billion KRW into SLDT, the operator of the limited edition market 'Soldout', through a paid-in capital increase. The individual investment amounts were not disclosed.
SLDT plans to use the funds secured this time for hiring new personnel, establishing an inspection center, and expanding new categories.
In addition to the inspection center currently operating in Seongsu-dong, Seoul, Soldout is planning to open a second inspection center in Seoul within the first half of this year. It also plans to increase the range of items handled in areas such as luxury, lifestyle, and tech, in addition to sneakers and apparel, and to focus on strengthening inspection capabilities and services.
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Jung Dae-chul, Chief Financial Officer (CFO) of SLDT, said, "We will be a platform that strives to ensure that the culture of limited edition trading grows healthily and settles domestically."
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