Hyosung Hydrogen Co., Ltd. announced that it will issue 1,960,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 9,800,000,000 June 20, 2024. The transaction include the participation from returning investor Hyosung Heavy Industries Corporation, hold 51% stake in the company and issue 999,600 shares. The company will issue the shares through shareholder allocation increase method.

The transaction has been approved by the board of directors of the company.