Woori Private Equity Asset Management to raise 50B won via new shares

South Korea's Woori Private Equity Asset Management Co. Ltd. will raise 50 billion won by selling new shares to its parent company, Woori Financial Group Inc., The Chosun Ilbo reported June 16.

The move, which marks the private equity firm's first such capital increase since 2011, will increase its paid-in capital to 80 billion won from 30 billion won.

As of June 16, US$1 was equivalent to 1,293.44 South Korean won.