Ulsanuijeongbu Project Pfv Co., Ltd. announced that it will issue 2,013 common shares at an issue price of KRW 21,000,000 per share for the gross proceeds of KRW 42,273,000,000 on December 19, 2023. The transaction will include participation from new investor DL E&C Co.,Ltd. The company has received KRW 47,023,000,000 in funding till date. The transaction has been approved by the board of directors of the company.

The method of capital increase is through allocation to a third party. The transaction is expected to close on January 17, 2024.