(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] Emart announced on the 28th that it will invest KRW 100 billion in its affiliate, Chosun Hotel & Resort.

The investment will take place on June 24 and will consist of 6,081,985 common shares.

With this investment, Emart has invested a total of KRW 549.9 billion in Chosun Hotel & Resort.

The funds from this investment will be used to strengthen the resort division, including expanding new leisure businesses at Chosun Hotel & Resort.

 

 

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