CUBE Entertainment Announces Capital Increase for Employee Stock Ownership Association

10 hours ago
CUBE Entertainment Announces Capital Increase for Employee Stock Ownership Association

On February 25, 2025, CUBE Entertainment (큐브엔터) announced through a public disclosure that it will conduct a capital increase for its Employee Stock Ownership Association. According to the Financial Supervisory Service's electronic disclosure, CUBE will issue approximately 430,000 shares, amounting to 6.1 billion KRW. A representative from CUBE stated, 'Since the end of last year, the management and employees have had several open discussions to share CUBE's future vision. With the successful launch of our first global audition and ongoing efforts to discover and develop new artists, we are strengthening our core business and fostering positive cultural exchanges between Korea and China. This flexible entry into the Chinese market is expected to significantly enhance our growth as a global entertainment company. We have conducted this capital increase to establish a cooperative relationship between labor and management, and many employees have participated.' Additionally, CUBE recently renewed its contract with its highly popular girl group (G)I-DLE and successfully concluded the final city audition in Seoul for their global audition.

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