Sewon Co.,Ltd announced a private placement of 972,724 shares to be issued at a price of KRW 1,575 per share for proceeds of KRW 1,532,040,300 on July 12, 2022. The shares will be issued pursuant to shareholder allocation method. The transaction will include participation from returning investor Polaris Office Corp.

The transaction has been approved by the board of directors. The transaction is expected to close on July 21, 2022.