POS-HiAL Co., Ltd announced that it will raise KRW 4,559,445,000 in an equity round of funding from returning investor, Posco M-Tech Co., Ltd. on November 5, 2012. The company will issue 911,889 shares at KRW 5,000 per share in the transaction. The investor has a preemptive right to subscribe to the new shares in the transaction.

The company will issue 0.4122495 new shares for every one existing share. The payment date is November 7, 2012. After closing of the transaction, the investor will hold 65.3% stake in the company.

The transaction was approved at the company's board of directors meeting.