Skonec Executes KRW 29.6 Billion Capital Increase... "Accelerating XR-Centered New Growth Engines"

Skonec Entertainment (CEO Park Woncheol) announced on May 15 that it has decided to carry out a rights offering with a general public offering of forfeited shares, raising approximately KRW 29.6 billion. This move is interpreted as a strategy to secure substantial growth capital for mid- to long-term business advancement, beyond merely addressing short-term liquidity needs.

The scheduled listing date for the new shares is August 12. SK Securities will serve as the lead underwriter, ensuring a stable public offering process.

Skonec plans to strategically use the funds raised from this capital increase to advance next-generation XR technology, secure key content IP, and expand infrastructure for global market entry. Through these efforts, the company aims to strengthen its technological leadership in the XR sector and solidify its foundation for mid- to long-term growth.

Recently, Skonec has been accelerating its XR-based B2B platform, digital healthcare, and AI-based simulation education businesses through collaborations with major domestic conglomerates such as Samsung and LG. In this context, the large-scale capital increase is expected to serve as a catalyst for a turnaround in performance and a key driver in establishing a future revenue base.

CEO Park Woncheol stated, "Now is the time for Skonec to leap forward through internal transformation," adding, "Through this capital increase, we aim to grow beyond a simple content development company and become a 'profitable XR platform company' that combines technology and services."

Previously, Skonec has carried out numerous large-scale business projects that have translated into tangible revenue, including XR simulation training projects with the Ministry of National Defense and the National Police Agency, XR+Gen AI leadership education with Samsung Human Resources Development Center, and the construction of a Meta Home ecosystem with LG.

Meanwhile, Skonec plans to hold a large-scale investor relations (IR) event on May 29 to strengthen direct communication with investors and analysts. This IR event will serve as a venue to share the company's mid- to long-term vision, profit strategies, and detailed roadmaps for key pipelines, further solidifying trust with the market. Skonec aims to use this opportunity to concretely demonstrate the reality and profit base of 'profitable XR' and further strengthen its trust-based relationship with investors.