Chorokbaem, known for popular dramas such as "My Mister," "All In" and "The Slave Hunters," said in a regulatory filing Tuesday that Q Capital agreed to purchase about 9.617 million shares for 180 billion won ($137 million).
Upon completion of the transaction, expected on Nov. 29, Q Capital will become the largest shareholder with a 39.33 percent stake.
The private equity fund has invested in cultural content, including popular films such as the Academy Award-winning "Parasite," "Ashfall" and "Exit."
Chorokbaem’s stock trading was suspended in June 2023 after then-chairman Won Young-sik was investigated in a stock manipulation case involving an affiliate of the cryptocurrency exchange Bithumb. Won is currently undergoing a court trial.
The Korea Exchange later decided to delist the company, but Chorokbaem appealed the decision.
Candice Kim
Candice Kim is a dedicated business and technology reporter specializing in the intersection of high-tech innovation and fast-paced consumer trends. Her core beats span the semiconductor, IT, cosmetics, and retail sectors, where she provides in-depth coverage of industry titans including Samsung Electronics, SK hynix, and LG Electronics, alongside leading consumer brands like Olive Young and Musinsa. Whether analyzing complex silicon supply chains or tracking the latest shifts in beauty and fashion retail, Candice is committed to delivering sharp, accurate reporting that keeps readers informed on the forces shaping today's most dynamic markets.
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