[Special Stock] KEC Plummets Over 13% Following 119 Billion Won Paid-in Capital Increase Decision

On the 12th, KEC's stock price plunged by over 13%. The news of a large-scale rights offering has raised concerns about dilution of share value.

As of 10:03 AM on the same day, KEC's stock was trading at 2,505 KRW, down 13.47% from the previous trading day.

KEC announced the day before that it had decided on a rights offering worth 119 billion KRW. The expected issue price per share is 2,125 KRW, with 56 million shares planned to be issued. The company stated that the purpose of the fundraising is for "facility funds and operating funds."