J Steel Company Holdings Inc. announced a private placement to issue 11,320,754 common shares at an issue price of KRW 1,325 for the gross proceeds of KRW 14,999,999,050 on May 24, 2024. The transaction will include participation from new investor J&P No. 2 Fund.

The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 26, 2024.