Kemco Co., Ltd. announced that it will issue 10,073,628 common shares at an issue price of KRW 14,680.013992 for the gross proceeds of KRW 147,880,859,040 on November 15, 2023. The transaction will include participation from returning investor, Korea Zinc Company, Ltd. from 35% stake to 73.44% stake post-investment stake. The transaction has been approved by the board of directors of the company and is expected to close on December 7, 2023.

The method of capital increase is through third-party allocation.