Woojin Issues 10 Billion Won Convertible Bonds to Secure Funding for New Business...

[Asia Economy Reporter Hyungsoo Park] Woojin has secured funds to promote new business. Recently, it secured 38 billion KRW by issuing convertible bonds following the realization of gains on investment assets.

On the 30th, Woojin announced that it decided to issue the 4th series of convertible bonds worth 10 billion KRW targeting the Aegis-SKS New Technology Investment Association No. 1, managed by Aegis Investment Partners. The purpose is for new business and investment in other corporations.

Woojin is a specialized company in measuring instruments used in various industries such as nuclear power plants, steel, and semiconductors. It supplies in-core nuclear instrumentation (ICI) for nuclear power plants, automation equipment in the steel sector, condition monitoring systems (CMS), and temperature sensors.

Recently, Woojin realized gains on its investment shares in Sambutogen, securing a total of 28 billion KRW.

A company official said, "We plan to expand R&D investment in the small modular reactor (SMR) field and promote new business by utilizing the cash on hand," adding, "We plan to cooperate in various ways beyond financial relationships with Aegis Investment Partners and others."