Industrial Bank of Korea Acquires 13.44% Stake in Jeil M&S Through Debt — for — Equity Swap

Industrial Bank of Korea acquired 22,298,787 voting shares in Jeil M&S, a 13.44% stake, on Oct. 12, 2026. The acquisition resulted from a debt-to-equity conversion under an approved rehabilitation plan; the holding is for investment purposes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jeil M&S Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261016000108), on October 16, 2026, and is solely responsible for the information contained therein. (C)