Woongjin IT transforms its IT expertise into scalable solutions like **WRMS** and **WDMS** to address the subscription economy. The company adopts a **data-driven strategy** to fuel its global expansion efforts. CEO **Lee Su Young** highlights the shift from project-based work to platform-based offerings in the AI-driven market.
Woongjin Group commits to limiting dividends for Preed Life, its newly acquired funeral mutual aid company, after submitting a pledge to the Korea Fair Trade Commission (FTC). The move aims to prevent asset outflow, following past cases where acquisitions led to excessive dividend payouts and financial mismanagement. The FTC monitors such pledges to safeguard consumer protections in mutual aid firms.
Woongjin’s stock price rises over 10% after finalizing the acquisition of Preed Life, a funeral service company. The deal marks Woongjin’s expansion into the funeral services sector, leveraging Preed Life’s established market presence. Investors react positively to the strategic move, reflecting confidence in the combined business’s growth potential.
Woongjin Co. Ltd. acquires controlling stakes in Preed Life, Korea’s largest funeral service provider, via a leveraged buyout (LBO). The deal is executed through Woongjin’s subsidiary, WJ Life Holdings. Preed Life operates as the dominant death care service company in the Korean market.
