Hyundai WIA Turbo Corporation announced that it will receive KRW 5,000,000,000 in an equity round of funding on October 27, 2017. The transaction will include participation from returning investor, HYUNDAI WIA Corporation (KOSE:A011210). Post the closing of the transaction, the investor will hold 100% stake in the company with investment of KRW 15,200,000,000. The transaction was approved by the board of directors of the company. The payment date is within November 2017.