Korean Air to Conduct Rights Offering and General Public Subscription Worth 1 Trillion KRW

[Asia Economy Reporter Hyungsoo Park] Korean Air announced on the 13th that it will conduct a rights offering followed by a general public subscription for forfeited shares, raising approximately 1 trillion won through a paid-in capital increase.

The scheduled issue price for the new shares is 12,600 won, and 0.6616831357 new shares will be issued per one existing share.