Kidari Studio and Lezhin Entertainment Decide on 23.8 Billion KRW Capital Increase

[Asia Economy Reporter Minji Lee] Kidari Studio announced on the 21st that its subsidiary, Lezhin Entertainment, has decided to conduct a third-party allotment paid-in capital increase worth 23.8 billion KRW to raise operating funds.

The company stated, "This is to expand business through entry into the global content market," adding, "We will secure funds for acquiring intellectual property rights and strengthen competitiveness in the global content market by establishing strategic partnerships."