KPX Industry Co., Ltd. announced a private placement of 3,800,000 shares at KRW 10,000 per share for gross proceeds of KRW 38,000,000,000 with existing investor, KPX Holdings Co.,Ltd. on November 14, 2014. The investor will hold 100% stake of the company on closing of the transaction. The scheduled investment date November 17, 2014.

The transaction has been approved by the board of directors of the investor. The company reported total revenues of KRW 6,000,000,000, total stockholder's equity of KRW 6,000,000,000, and capital of KRW 3,000,000,000 for the year ended December 31, 2013.