Hanwha Asset Management Decides on 510 Billion KRW Capital Increase

[Asia Economy Reporter Jang Sehee] Hanwha Life disclosed on the 28th that its subsidiary Hanwha Asset Management has decided on a paid-in capital increase worth 510 billion KRW.

The newly issued shares consist of 102 million common shares, with an issue price of 5,000 KRW per share. The capital increase will be conducted through a rights offering to existing shareholders, and the subscription date is scheduled for March 30.