WiderPlanet Completes Paid-in Capital Increase of 19 Billion KRW
Wider Planet, a big data and artificial intelligence (AI) marketing platform developer, announced on the 20th that it has "completed the payment for a third-party allotment capital increase worth approximately 19 billion KRW."
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023122017213495585_1703060495.jpeg)
The recipients of the issuance are six individuals, including actor, producer, and film director Lee Jung-jae and Jung Woo-sung, WIZWIK Studio Co., Ltd., and its CEOs Park Kwan-woo and Park In-gyu, as well as Song Ki-chul.
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Earlier, they announced on the 8th that they had decided on a third-party allotment capital increase. The funds raised through this capital increase will be used for operating expenses and debt repayment. Through this capital increase payment, Lee Jung-jae has become the largest shareholder of Wider Planet.
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