Eco & Logis Busan Corp. announced a private placement of 200,000 common shares at an issue price of KRW 5,000 per share for the gross proceeds of KRW 1,000,000,000 on June 22, 2023. The transaction will include participation from returning investor LX International Corp.

The transaction has been approved by the shareholders of the company. The transaction is expected to close on June 26, 2023.