LS E-Link Co., Ltd. announced a placement of 5,000,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 25,000,000,000 on February 14, 2023. The transaction will included participation from E1 Corporation and LS Corp. The expected date of payment is April 28, 2023.

The transaction has been approved by board of directors of the company. The company will raise the funding through paid-in capital increase.