HDC I Park 2nd Consignment Management Real Estate Investment Company announced a private placement of 46,125,000 common shares at a price of KRW 800 each for gross proceeds of KRW 36,900,000,000 on December 10, 2020. The transaction will include participation from HDC Hyundai Development Company (KOSE:A294870). The transaction was approved by the board of directors. The transaction is expected to closing on December 21, 2020.