Kukdong Corporation announced a private placement of 4,895,963 common shares at a issue price of KRW 1,634 per share for the gross proceeds of KRW 8,000,003,542 on October 11, 2022. The transaction will include participation from Ramicus Co., Ltd. and K&P Investment Co., Ltd. The transaction has been approved by shareholders of the company. The transaction is expected to close on January 18, 2023.