HANPASS Co., Ltd. announced that it will issue 46,097 common shares at an issue price of KRW 121484.232032 per share for gross proceeds of KRW 5,600,058,643.979104 on December 21, 2023. The transaction will include participation from new investor, JB Financial Group Co., Ltd. for 4.99% stake. The company is expected to close the transaction on February 29, 2024.

The transaction has been approved by the board of directors of the company.