Hogak Co., Ltd. announced a private placement of 170,000 common shares at the price of KRW 40,000 per common share for gross proceeds of KRW 6,800,000,000 on July 23, 2024. The transaction will include participation from returning investor KT Skylife Co., Ltd. The payment date for the transaction is July 31, 2024. The transaction has been approved by the board of directors of the company.