U Plus Home Service Co Ltd announced that it will issue 4,000,000 common shares at an issue price of KRW 5,000 per share for proceeds of KRW 20,000,000,000 on November 22, 2023. The transaction will include participation from new investor LG Uplus Corp. The transaction got approved by the board of directors.

The transaction is expected to close on December 8, 2023.