Iljin LED Co., Ltd. announced a private placement of 6,481,481 common shares at KRW 3,240 per share for gross proceeds of KRW 20,999,998,440 on April 25, 2014. The transaction will include participation from largest shareholder of the company, ILJIN Materials Co., Ltd., who will subscribe to 4,320,988 shares for KRW 14,000,001,120 and another investor, ILJIN Display Co., Ltd., who will subscribe to 2,160,493 shares for KRW 6,999,997,320. The shares to be issued have face value of KRW 500 per share.

The transaction will happen through 3rd party allotment. The payment date will be April 30, 2014. The board of directors of the company has approved the transaction.

The company reported total assets of KRW 160,248,099,712 for the year ended 2013.