Daewoo Electronic Components Co., Ltd. announced a private placement of 1,754,385 shares at an issue price of KRW 1,539 on July 4, 2023. The transaction will include participation from new investors Ajin Carintech Inc for 1,299,545 shares, Joongho Seo for 324,886 shares, Youngjoo Seong for 64,977 shares and Eunji Seo for 64,977 shares. The transaction is expected to closed on July 12, 2023.

The transaction was approved by the board of directors of the company. The company will receive funding through third party allotment of shares.