Kzam Corporation announced that it will issue 12,000,000 shares at issue price of KRW 5,000 per share for gross proceeds of KRW 60,000,000,000 on June 23, 2020. The transaction will include participation from returning investor, Korea Zinc Company, Ltd. (KOSE:A010130) to retain its 100% stake in the company. The company will raise amount through shareholder allocation. The transaction has been approved by the board of directors of the company.