Games & Commerce
Kurly to raise 33 billion won in share sale to Naver, valued at 2.8 trillion won
Kurly will issue 33 billion won of new shares to Naver to secure mid- to long-term growth drivers and strengthen their partnership. Kurly disclosed it decided on a rights offering of 498,882 common shares priced at 66,148 won each, all to be subscribed by Naver. The price was set by mutual agreement based on Kurly\'s latest investment round, valuing the company at about 2.8 trillion won and raising Naver\'s stake to 6.2 percent.
