NHN Commerce Secures 30 Billion Won Investment from Private Equity Fund... Company Valued at 480 Billion Won

NHN announced on the 9th that its subsidiary NHN Commerce has secured an investment of 30 billion KRW from Standers, a domestic private equity fund (PEF) management company.

NHN will also invest 30 billion KRW in this third-party allotment capital increase, which is being promoted on a total scale of 60 billion KRW. As a result, NHN Commerce was valued at 480 billion KRW. NHN Commerce plans to focus on expanding its global business using the funds raised this time.