Pyunglip Co.,Ltd announced that it will raise KRW 8,000,000,000 in funding from returning investor, Chungho ComNet Co., Ltd on January 8, 2013. The company will issue 1,600,000 common shares at KRW 5,000 per share. The investor will still hold 100% stake in the company after closing of the transaction. The scheduled acquisition date for the transaction is January 10, 2013.

On the same day, the board of directors approved the transaction.