KR Motors Acquires 2.2 Billion KRW Worth of Green Mobility Shares... 50.9% Stake

[Asia Economy Reporter Kang Nahum] KR Motors announced on the 5th that it will acquire 293,333 shares of Green Mobility, a company engaged in research and development, manufacturing, and sales of parts and equipment for electric vehicles, for approximately 2.2 billion KRW.

After the acquisition, KR Motors' stake in Green Mobility will be 50.9%.

KR Motors stated that the purpose of this stock acquisition is "a mid- to long-term investment in companies possessing new technologies for eco-friendly electric vehicles (two-wheelers and three-wheelers)."