Broadband Media Co., Ltd. announced that it will raise KRW 279,000,000,000 in an equity round of funding on January 3, 2013. The company will issue 55,800,000 common shares at KRW 5,000 per share to existing investor, SK Telecom Co. Ltd. THe investor will hold 100% stake in the company after closing of the transaction.

On the same day, the board of directors of the company approved the transaction. The scheduled acquisition date for the transaction is February 21, 2013. The company reported total assets of KRW 3,318,699,447,183 for the year ended 2012.