Dongwha Vietnam Co., Ltd announced that it will receive KRW 58,228,800,000 in an equity round of funding on August 28, 2019. The transaction will include participation from existing investor Dongwha Enterprise Co.,Ltd (KOSDAQ:A025900). Post completion of the transaction, the investor will retain 100% stake in the company. The transaction has been approved by the board of directors of investor. The transaction is expected to close on May 29, 2020.