JTB Studio Invests 111.9 Billion KRW in US Subsidiary

[Asia Economy Reporter Minwoo Lee] JTBC Contentree announced on the 8th that its subsidiary JTBC Studios participated in a third-party allotment capital increase worth 111.9 billion KRW of its subsidiary JTBC Studios America, acquiring 100% of the shares. The company explained that this was "to raise operating funds for the acquisition of a local production company in the United States."