Hyosung Vina Chemicals Co., Ltd. announced that it will receive KRW 33,462,500,000 on March 20, 2024. The transaction will include participation from returning investor, Hyosung Chemical Corporation for KRW 33,462,500,000. The transaction has been approved by board of directors of the company.

The method of capital increase is through shareholder allocation. The transaction is expected to close on March 22, 2024.