KS Industry Welcomes Former SK Vice Chairman Jaeyul Kim as Largest Shareholder Through Third-Party Capital Increase
KS Industry has welcomed Jaeyul Kim, former Vice Chairman of SK Group, as its new largest shareholder. Kim is expected to take a leading role in management after investing 6 billion won to participate in a third-party allocation capital increase.
KS Industry (co-CEOs Kwangil Son and Kwangil Kim) announced in a revised disclosure on the 25th that the recipients of the 10 billion won third-party allocation capital increase have been changed to former Vice Chairman Jaeyul Kim and the Alpha Plus New Growth No.1 Investment Association.
The new shares to be issued through this capital increase total 5,162,622, with an issue price of 1,937 won per share. Kim has been allocated 3,097,573 shares, with the payment date set for September 3 and the listing date scheduled for the 23rd. The funds raised will be used as operating capital.
Through this transaction, Kim will secure the position of largest shareholder and is expected to participate in overall company management. Kim became Vice Chairman of SK Group in 2011, leading the Win-Win Growth Committee under the group’s highest decision-making body, the SUPEX Council, and demonstrated leadership across the corporate ecosystem, including in the joint growth of large corporations and small and medium-sized enterprises.
He has also contributed to education and research support for over 30 years as a founding member and Secretary-General of the Korea Foundation for Advanced Studies, and has promoted international academic exchange by leading the establishment of the Beijing Forum and Shanghai Forum. He currently serves as an advisor to SK Group and as Chairman of the Hyunam Academy Foundation, the school corporation of Dongyang University.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Greater Impact on Women Than Men"... The 'Diet Trap' That Causes Sleepless Nights and Suffering
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
A KS Industry representative said, "This capital increase and change in largest shareholder will be a turning point for new growth," adding, "The addition of former Vice Chairman Jaeyul Kim, who has extensive experience at SK, is expected to provide not only a capital influx but also an opportunity for management innovation and the expansion of our global network."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
