Hyundai Ubiquitous & Information Technology Co., Ltd. announced a private placement of 571,901 common shares at a price of KRW 7,270 per share for gross proceeds of KRW 4,157,720,270 on February 24, 2015. The transaction will include participation from existing investor Hyundai Global Corporation. Post the closing, the investor will hold a stake of 1.98% in the company.