Zoom Internet Decides to Absorb and Merge 'Cheobanghaejum'

[Asia Economy Reporter Oh Ju-yeon] Zoom Internet Co., Ltd. announced on the 24th that it will merge with Prescription Zoom Co., Ltd. through an absorption merger. The company explained, "We aim to internalize the health-related service business utilizing IT technology currently operated by Prescription Zoom within Zoom Internet, securing a foundation to continuously advance the business and enhance management efficiency through the absorption merger of the subsidiary."

It added, "Currently, Zoom Internet holds 100% of the issued shares of Prescription Zoom, and since the merger will proceed as a non-capital increase merger without issuing new shares, there will be no changes in Zoom Internet's capital or major shareholders after the completion of this merger."