Sewon Co.,Ltd announced that it will issue 2,259,377 common shares at an issue price of KRW 2,213 per share for the gross proceeds of KRW 5,000,001,301 on May 23, 2023. The transaction will include participation from returning investor, Polaris Office Corp. The company will issue shares through third-party allotment.

The transaction has been approved by board of directors of the company. The transaction is expected to close on June 22, 2023. All the securities issued will be held for one year protection deposit with Korea Securities Depository.