Lolab Co., Ltd. announced that it will issue 2,224,500 common shares at an issue price of KRW 10,000 for gross proceeds of KRW 22,245,000,000 on September 8, 2021. The transaction include participation from returning investor KT Corporation for 2,000,000 shares and Team Fresh Co., Ltd and 224,500 shares. The transaction is expected to close on September 15, 2021. The transaction was approved by the board of directors of the company.