PHC Co.,Ltd. announced a private placement of 10,000,000 common shares at an issue price of KRW 500 per share for the gross proceeds of KRW 5,000,000,000 on August 11, 2023. The transaction will include participation from new investor Cor Tek Co., Ltd. The transaction has been approved by the shareholders of the company. The transaction is expected to close on November 30, 2023.

The shares are restricted to a hold period of 1 year.