Myoung Shin Industrial Co., Ltd. announced that it has received KRW 10,000,000,000 in a round of funding from existing investor MS Autotech Co., Ltd. on June 20, 2013. The company issued 2,000,000 new shares at KRW 5,000 per share by 3rd party allotment. Pursuant to the transaction, the investor will hold 100% stake in the company. The transaction was approved by the board of directors of the company. The company reported total assets of KRW 102,623,000,000, total stockholders' equity of KRW 13,506,000,000, sales revenue of KRW 77,707,000,000, and net loss of KRW 10,092,000,000 for the year ending 2012.

On June 20, 2013, Myoung Shin Industrial Co., Ltd. closed the transaction.