Dangjin Tank Terminal Co., Ltd. announced a private placement of 340,000 common shares at the price of KRW 5,000 per share for gross proceeds of KRW 1,700,000,000 on May 31, 2021. The transaction will include participation from returning investor LG International Corp. (KOSE:A001120). The company will issue shares of par value of KRW 5000 per share through shareholder allocation increase method. Post closing, the total number of shares issued will increase from 23,280,897 shares to 23,620,897 shares.