Kolon Global Corporation announced a private placement of 539,991 shares at an issue price of KRW 26,650 per share for gross proceeds of KRW 14,390,760,150 on September 17, 2022. The transaction will include participation from returning investor Kolon Corporation. The transaction has been approved by the board of directors of the company.

The company will issue securities using shareholder allocation method. The transaction is expected to close on December 6, 2022.