UI TRANS CORPORATION announced that it will raise KRW 1,953,080,000 in a round of funding from existing investors on May 29, 2012. The company will issue 390,616 shares at KRW 5,000 per share. Korea Development Corporation Co., Ltd. and Wonha Engineering & Construction Co.,Ltd. will participate in this transaction and Korea Development Corporation Co., Ltd. will also receive six fractional shares. The subscription period will start and end on May 29, 2012 which will also be the payment date.