Incheon Shinsegae Inc. announced a placement of 400,000 common shares at an issue price of KRW 50,000 for gross proceeds of KRW 20,000,000,000 on April 9, 2024. The transaction include the participation from returning investor SHINSEGAE Inc., hold 95.75% stake in the company. The transaction has been approved by board of directors of the company.

The company will issue the shares through shareholders' allotment increase method. The transaction is expected to close on April 30, 2024.