EGM Approves 2.5-to-1 Stock Split, No Dilution for Existing Shareholders

KoMiCo's EGM approved both the stock split resolution and the related amendment to the articles of incorporation.
The stock split reduces the par value from 500 KRW to 200 KRW, effectively increasing each existing share into 2.5 shares, raising the total outstanding shares to approximately 51.36 million.
This action does not change market capitalization or dilute shareholder value; it only lowers the per-share price, potentially improving liquidity and accessibility.
[AI Summary]The stock split approval increases share count without altering ownership percentage or value. It is a neutral event aimed at enhancing liquidity and trading activity rather than affecting fundamentals.