SE Color Culture Co., Ltd. announced a placement of 12,040,000 common shares at an issue price of KRW 500 per share for gross proceeds of 500 per share for gross proceeds of KRW 6,020,000,000 on January 4, 2024. The transaction included participation from returning investor, KH Construction Co., Ltd. for 12,040,000 shares to maintain its 100% stake. The transaction has been approved by board of directors of the company.