IBK, Decides on Third-Party Allocation Paid-in Capital Increase Worth 264 Billion KRW

[Asia Economy Reporter Park Jihwan] Industrial Bank of Korea announced on the 5th that it has decided to conduct a third-party allotment paid-in capital increase worth 264 billion KRW targeting its largest shareholder, the Government of the Republic of Korea, for the purpose of raising operating funds.

A total of 29,379,034 common shares will be newly issued, with an issue price of 8,986 KRW per share.

The scheduled listing date for the new shares is May 11.