Korea Economic TV Decides to Dispose of Treasury Shares Worth 3.9 Billion KRW

Korea Economic TV announced on the 8th that it will dispose of its treasury shares worth 3,969.57 million KRW to establish a strategic business alliance and partnership with Daedong.

The number of shares to be disposed of is 690,000 common shares, and the disposal period is scheduled for the 9th.

The company explained, "To build a strategic business alliance and partnership between the two companies, we will sell our treasury shares to Daedong and purchase convertible bonds equivalent to the disposal amount from Daedong to acquire shares (common stock conversion request)."