IBK Insurance Co., Ltd. announced a private placement of 30,000,000 shares at an issue price of KRW 500 per share for gross proceeds of KRW 150,000,000,000 on December 30, 2020. The transaction included participation from returning investor Industrial Bank of Korea (KOSE:A024110) The shares were issued pursuant to shareholders' allocation increase method. The transaction has been approved by board of directors of the investor.