Happy Dream Financial Loan Co., Ltd. announced that it has received KRW 3 billion in funding from Koryo Credit Information Co., Ltd.
May 06, 2020
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Happy Dream Financial Loan Co., Ltd. announced that it has issued 600,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 3,000,000,000 for 13.3% stake on May 7, 2020. The transaction included participation from returning investor Koryo Credit Information Co., Ltd. (KOSDAQ:A049720) to retain 100% stake in the company. The company has a total equity capital of 22,548,789,469 and the investor holds 1,600,000 shares, post to the transaction. The transaction has been approved by the board of directors of the company.
KORYO CREDIT INFORMATION CO., LTD is a Korea-based company engaged in the provision of credit information services. It operates three businesses: credit collection, which executes the asset investigation, payment urge, receipt of payment on behalf of creditor exercising the credit right on general overdue obligations such as goods payment, sale payment, construction expense payment and others, and small sum overdue obligations such as bankcard payment, department store card payment, communication charges and others; credit research business, which conducts credit research on the real estate owned by the debtors, investigation on the possession of vehicles, inquiries on the details of credit cards, as well as overdue cases in finance fields and failure in transactions, and civil service business, which involves in the credit information research and issues of documentation for credit management.
KORYO CREDIT INFORMATION CO., LTD. 
