Seoul Viosys Co., Ltd announced a private placement of 7,644,730 common shares at an issue price of KRW 3,614 each for gross proceeds of KRW 27,628,054,220 on November 30, 2023. The common shares have a face value of KRW 500 per share. The transaction will include participation from returning investor, Seoul Semiconductor Co., Ltd. The transaction has been approved by the board of directors of the company.

The capital will be raised through third party allocation method. The payment date for the transaction is December 8, 2023.