Ostem Decides on 4.6 Billion KRW Capital Increase

[Asia Economy Reporter Eunmo Koo] Ostem announced on the 9th that it has decided to conduct a paid-in capital increase through third-party allotment amounting to 4.61 billion KRW to raise operating funds. The third-party allottee is the massage chair company Bodyfriend, and the new shares issued through this capital increase are 2 million common shares with a par value of 500 KRW per share.