Koas says Novelty Nobility to pay KRW 10 million to settle share-issuance dispute, drops remaining claims

Bitget2026/10/13 07:56

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Koas corrected its prior disclosure on a planned equity investment in Novelty Nobility following a court-mediated settlement.
Seoul Central District Court issued a mediation-substitute decision on Oct. 13 in case 2026GaHap6097 over the aborted share issuance.
Novelty Nobility must pay Koas KRW 10,000,000 by Oct. 30, with 12% annual interest on late payment.
The parties agreed not to pursue further civil or criminal claims tied to the Aug. 22, 2025 investment agreement.
The decision can be challenged within two weeks; an objection would prevent it from taking effect.

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. Koas 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: 20261013800426), on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Koas says Novelty Nobility to pay KRW 10 million to settle share-issuance dispute, drops remaining claims

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