Hanjoo Metal Co., Ltd. announced a private placement of 1,500,000 other shares at KRW 2,000 per share for gross proceeds of KRW 3,000,000,000 on December 21, 2015. Each security has a face value of KRW 500 and will be issued at a premium. The shares to be issued are not common shares.

The transaction will include participation from a returning investor, INZI Controls Co., Ltd. The company will issue shares to the investors as a part of third party allotment. The board of directors of the company approved the transaction. The payment date is December 23, 2015.