J Steel Company Holdings Inc. announced a private placement of 3,904,555 common shares at an issue price of KRW 2,305 per share for the gross proceeds of KRW 8,999,999,275 on December 27, 2022. The transaction will include participation from J&P Fund. The transaction has been approved by shareholders of the company.

The transaction is expected to close on February 28, 2023.