Taekwang Industrial "Decides Not to Acquire Heungkuk Life Convertible Preferred Shares"

[Asia Economy Reporter Kang Nahum] Taekwang Industrial responded on the 14th to an inquiry disclosure request regarding the report on participating in a 400 billion KRW capital increase of Heungkuk Life Insurance, stating, "We reviewed the acquisition of convertible preferred shares of Heungkuk Life Insurance Co., Ltd., but decided not to acquire them."