Dimoa Completes 16.1 Billion Won Paid-in Capital Increase... Complete Dissolution of Ssangbangwool Group

Software distribution and sales specialist company Dimoa has successfully completed a paid-in capital increase, initiating the establishment of an independent management system.

On October 1, Dimoa announced through a public disclosure that it had received 16.1 billion won in paid-in capital and that its largest shareholder had changed to SJ Holdings No. 1 Investment Association. At the extraordinary shareholders' meeting held on the same day, the proposed amendments to the articles of incorporation and the appointment of new directors were both approved as originally planned. As a result, the full dismantling of the Ssangbangwool Group is now underway.

A Dimoa representative explained, "This paid-in capital increase marks a complete break from the Ssangbangwool Group and serves as the starting point for the group's dissolution. It is an important first step toward individual survival and strengthening autonomous management."

The paid-in capital increase and the move toward independent management by each affiliate are seen as part of the process to resolve the Ssangbangwool Group's longstanding circular shareholding structure and transition to fully independent management. Alongside Dimoa, major affiliate Jayjun Cosmetic has also been acquired by Chacares, a subsidiary of CHA Biotech, while B2N and NSE&M have begun the process of being sold.

Previously, in February, the Ssangbangwool Group had effectively declared its dissolution and has since accelerated asset sales and the unwinding of equity structures to expedite the separation of affiliates. This has created a management environment in which each company can focus on enhancing shareholder value and corporate competitiveness.

Through this paid-in capital increase, Dimoa has secured more than 76.5 billion won in cash and plans to pursue autonomous survival strategies, including the expansion into new businesses. The industry expects that the elimination of previous owner risks and improved management transparency among Ssangbangwool Group affiliates will also be achieved.

A Dimoa representative stated, "This paid-in capital increase will serve as an important opportunity to secure new growth engines," adding, "Based on an independent management system, we will pursue business diversification and management innovation going forward."

Meanwhile, Dimoa supports corporate digital transformation by providing customized cloud-based services. The company collaborates with global partners such as Microsoft, Adobe, and AhnLab, and is building differentiated competitiveness in the fields of artificial intelligence (AI), cloud, and security solutions.

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