EdisonINNO, 40 Billion KRW CB Payment Date Postponed

[Asia Economy Reporter Park So-yeon] EdisonINNO announced on the 19th that it has changed the payment date for its 40 billion KRW convertible bonds from May 19 to June 29.

An EdisonINNO official explained, "We judged that large-scale funds are needed for new businesses such as the electric vehicle parts business, which is currently being promoted as part of business diversification, and the promising future industry of aerospace. Therefore, we changed the payment schedule to coordinate with investors regarding the investment scale of the 7th to 8th rounds of CB." He added, "Future schedules will proceed as planned, and new investments will be carried out without any setbacks."

EdisonINNO declared its entry into the promising future industry of electric vehicles, focusing on the electric vehicle parts business, and has established an electric vehicle parts division to prepare for the business. Starting with supplying battery packs optimized for autonomous driving to Edison Motors, it plans to actively participate in the BMS (Battery Management System) business. It is also promoting new businesses related to the future core industry of aerospace. The business objectives have been expanded to include satellite and launch vehicle manufacturing and sales, satellite system development, and aircraft maintenance services.