The Hyundai Gwangju Co., Ltd announced a private placement to issue 600,000 common shares at an issue price of KRW 50,000 per share for the gross proceeds of KRW 30,000,000,000 on February 7, 2024. The transaction will include participation from new investor Hyundai Department Store Co. Ltd. for 600,000 shares.

The transaction has been approved by the shareholders of the company and is expected to close on March 26, 2024.