YG Sports, Inc.’s announced that it has received KRW 32 billion in funding from Phoenix Holdings Inc.
May 08, 2017
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On May 08, 2017, YG Sports, Inc.’s closed the transaction. The company issued common shares for gross proceeds of KRW 500,000,000 in the second and final tranche of the transaction.
The company reported total assets of KRW 5,742,720,497, total liabilities of KRW 3,325,985,737, total capital of KRW 2,416,734,760, capital of KRW 300,000,000, revenue of KRW 13,878,263,685, and net income of KRW 104,598,872 for the year ended December 31, 2016.
YG PLUS, INC, formerly PHOENIX HOLDINGS INC, is a Korea-based advertising agency. Along with its affiliated companies, the Company operates two categories of businesses: advertisement production business and media agency business. Its advertisement production business creates advertisements for its clients. Its media agency business publishes and broadcasts advertisements through mass media such as televisions (TVs), radios, newspapers, magazines, new media, such as cable TVs and Internet, as well as outdoor billboards, subways, buses and theaters. The Companyâs clients include COCACOLA, SK Telecom, THE FACE SHOP and others.
YG PLUS, INC. 
