Doowon Science Pharmaceutical Co., Ltd. announced the private placement of 1,160,000 common shares at an issue price of KRW 1000 per share for gross proceeds of KRW 1,160,000,000 on December 12, 2022. The transaction included the participation from new investor Sejong Medical. The shares issued through third party allotment.

The transaction has been expected to close on July 31, 2023.