HANKOOK Technology Inc. announced a private placement of 10,000,000 common shares at an issue price of KRW 500 per share for the gross proceeds of KRW 5,000,000,000 on January 12, 2023. The transaction will include participation from Houston Fund for 10,000,000 shares. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on March 15, 2023.