Global Tax-free, to raise operating funds through a paid-in capital increase of 140 billion won.

The KOSDAQ-listed company Global Taxfree has decided to implement a paid capital increase through a third-party allocation of approximately 14 billion KRW to raise operating funds. This move can be interpreted as aimed at enhancing the financial stability of the company and reserving ammunition for the execution of future business plans.

The company announced on December 22 that it plans to issue a total of 3,079,630 common shares. The issue price per share is set at 4,546 KRW, and the new shares will be allocated on average to I's Vision Co., Ltd. and MDS Tech Co., Ltd. It is reported that these two companies have previously maintained a diversified cooperative relationship in the IT and distribution sectors.

This paid capital increase is conducted in a manner directed at external third parties rather than the usual shareholders, primarily used when seeking strategic cooperation or financing with specific investors. Global Taxfree states that the purpose of this financing is to “achieve the company's operational goals,” but the announcement does not mention specific uses of the funds or future business plans.

Global Taxfree's main business is providing VAT refund services for foreign tourists. Recently, with the recovery of tourism demand, expectations for overall performance improvement in related industries have also strengthened. In this context, large-scale financing can be interpreted as a preemptive arrangement for business expansion or system improvement.

In the future, the way in which such paid capital increases will be reflected in the capital operation may trigger different evaluations from investors. If it can genuinely lead to performance improvement, it can be seen as a positive signal; however, if the use of funds is not transparent or fails to translate into operational results, it may exacerbate market concerns.