Kakao Entertainment Corp. announced a private placement of 386,065 new shares at an issue price of KRW 518.04747 per share for proceeds of KRW 200,000,000 on March 31, 2023. The shares will be issued pursuant to 3rd party allotment method.

The transaction has been approved by the board of directors of the company. The transaction will include participation from returning investor Mega BMC Co., Ltd.