Skylife Tv Co., Ltd. announced that it will issue 37,614,373 common shares at an issue price of KRW 499.995042 per share for the gross proceeds of KRW 18,807.000008 on May 3, 2024. The transaction will include participation from existing investor KT Skylife Co., Ltd.. The investor will retain its 62.69% stake in the transaction.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 16, 2024.