Eugene Group announces investment of 5 years in media totaling 2 trillion won
Eugene Group said it will invest 5 years in the media sector, 2 trillion won, 7 in 9, and plans to first carry out a paid-in capital increase of 300 billion won in Eugene ENT. The group aims to turn YTN into a platform and achieve media revenue of 5 billion won within 5,000 years through the acquisition of K-lifestyle-focused media outlets.
Eugene Group announced that it will invest 5 years in the media business, 2 trillion won, on 7, prompting investors to watch changes among Eugene affiliates and in the media sector.9The group announced that it will invest
Eugene ENT unveiled the 7 at its Seoul Yeouido headquarters on 9. CEO Kang Hee-seok introduced plans for additional acquisitions of K-lifestyle-focused media outlets and the artificial-intelligence transformation of existing media operations.
The group first plans to carry out a paid-in capital increase targeting Eugene ENT this year, worth 300 billion won.
Over the next 5years, investing a total of more than trillion won, 2the group said it would pursue the acquisition of a K-lifestyle-focused media company, the AI transformation of existing media outlets, and the creation of a media and content fund.
Eugene Group said it would develop YTN, a news channel, into a platform with strengthened data and content competitiveness in Korea’s economic and industrial sectors. The announcement included measures to maximize synergies among affiliates, including YTN, Eugene E&T, and Studio Eugenia.
The group 5within years, with media-sector revenue targeted at 5,000billion won. The company explained that the investment is a strategy to expand its business into global markets beyond its existing portfolio centered on ready-mixed concrete, construction-material distribution, and financial services.