Shinsegae Invests 40 Billion KRW in Subsidiary Shinsegae Casa for "New Product Development"
[Asia Economy Reporter Gong Byung-sun] Shinsegae announced on the 22nd that it will invest 40 billion KRW to participate in the paid-in capital increase of its subsidiary Shinsegae Casa.
With this investment, Shinsegae's stake in Shinsegae Casa will increase by 0.92 percentage points from 95.68% to 96.6%. The scale of Shinsegae Casa's paid-in capital increase is 41.4 billion KRW.
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Shinsegae stated, "The funds will be used for the renewal of the Shinsegae Casa mobile app and the development of new products."
This content was produced with the assistance of AI translation services.
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