Harim USA Ltd. announced that it will raise KRW 11,240,000,000 in a round of funding on August 12, 2020. The company will issue common stock in the transaction. The transaction will include participation from existing investor HARIM Co., Ltd. (KOSDAQ:A136480).

The total capital of the company will be KRW 25,769,000,000 upon closing. The transaction is expected to be closed on August 14, 2020.