ILJIN Composites Co., Ltd. announced that it will raise KRW 8,500,000,000 in funding from existing investor and parent, Iljin Diamond Co. Ltd. on December 3, 2012. The company will issue 340,000 shares at KRW 25,000 per share in the transaction. The investor will retain 100% stake in the company, on closing of the transaction. The scheduled acquisition date of the transaction is December 10, 2012.

On December 10, 2012, ILJIN Composites Co., Ltd. closed the transaction.