Mirae Asset Financial Service.,Ltd. announced a private placement of 14,000,000 shares at the price of KRW 5,000 per share for gross proceeds of KRW 70,000,000,000 on January 21, 2021. The transaction will include participation from retuning investor Mirae Asset Life Insurance Co., Ltd. (KOSE:A085620) to retain 100% stake in the company. The board of directors of the investor has approved the transaction. The scheduled subscription date is February 25, 2021. The transaction is expected to close on February 26, 2021. The expected date of issuance of new shares is March 2, 2021. The securities are issued through share allocation method.