Woongjin announced that it has postponed the completion schedule for the acquisition of the funeral company Fried Life, originally set for the 30th, to the 13th of next month. This is due to the fact that the Fair Trade Commission's corporate merger notification process has not been finalized.

Woongjin noted, "The postponement of the acquisition timeline is merely a scheduling issue, and the funding has been completed as planned, so there will be no disruption to the acquisition itself," adding that "we are doing our best to ensure the transaction can be concluded as quickly as possible."

As a result, the schedule for the composition of the board of directors of Fried Life has also been postponed. Woongjin plans to hold an extraordinary general meeting of shareholders on the 13th of next month to appoint three candidates, including Yoon Sae-bom, the representative of the Woongjin institutional sector, as new registered executives.

Woongjin emphasized that "once the necessary procedures are completed, we plan to swiftly wrap up the follow-up procedures to actively pursue the management stabilization and long-term growth strategy of Fried Life," adding, "We will do our best to maximize synergies between the two companies and take a leap forward as a total life care solution specialist."