KOSSEN Co., Ltd. announced that it will issue 9,090,909 shares of par value, KRW 500 at a price of KRW 1,100 per share for gross proceeds of KRW 9,999,999,900 on December 24, 2021. The transaction will include participation from new investor, Kosteel Co.,Ltd. The company will issue shares through third party allocation increase. The payment date for shares is January 19, 2022. The transaction has been approved by board of directors of the company. The shares are subject to a mandatory hold period of one year and voluntary hold period of one more year. The total number of shares issued prior to transaction are 9,723,388 shares.