KoMiCo Ltd. announced a private placement of 440,237 common shares at an issue price of KRW 45,430 per share for gross proceeds of KRW 19,999,966,910 on May 30, 2023. The transaction will include participation from returning investor, MiCo Ltd. for 440,237 shares. The transaction has been approved by board of directors of the company.

The method of capital increase is through third party allocation. The expected date of payment is June 8, 2023. The securities have a hold period of one year.