JS Corporation announced a private placement of series 3 bearer-free interest-bearing non-guaranteed private exchangeable bond for gross proceeds of KRW 10,000,000,000 and Series 4 bonds for the gross proceeds of KRW 25,000,000,000; aggregate gross proceeds of 35,000,000,000 on September 21, 2023. The transaction has been approved by the board of directors of the company. The series 4 bonds are convertible into 1,954,652 common shares at a conversion value of 12,790 per share from September 25, 2024 to August 25, 2028.

The series 4 bonds will mature on September 25, 2028 and carry a coupon rate & maturity rate of 0%.