The artificial intelligence (AI) corporation SweetKay has decided to invest in CSA COSMIC, a KOSDAQ-listed company. This involves participating as a strategic investor (SI) in the third-party allocation of paid-in capital that CSA COSMIC decided on last June.
According to the investment industry on the 28th, SweetKay plans to invest 10 billion won in CSA COSMIC. This involves acquiring approximately 9.26 million newly issued common shares at 1,080 won per share, making SweetKay the new largest shareholder with a 13.1% stake in CSA COSMIC after contributing the funds.
Initially, CSA COSMIC planned to conduct a capital increase targeting the 'Kienus No. 1 fund', but it has been reported that the plan was changed following SweetKay's expression of investment intention.
The industry is paying attention to the decision by an AI-related corporation to invest in CSA COSMIC. CSA COSMIC is a cosmetics company led by makeup artist Cho Seong-ah. The largest shareholder, Cho Seong-ah, and Homecast sold their shares last month, resulting in a change of the largest shareholder.
SweetKay, which has decided to invest in CSA COSMIC, is a specialized AI company established in 2013 that provides a program for reviewing terms and conditions using AI technology to the Financial Supervisory Service and offers solutions utilizing AI in design guidelines to Hanwha Ocean. Additionally, it is building AI solutions based on lightweight language models (sLLM) for numerous corporations and institutions, including Korea South-East Power (KOEN).