Syscon Co. Ltd. announced a private placement of 51,540 common shares for KRW 120,682 per share for gross proceeds of KRW 6,219,950,280 on March 9, 2021. The transaction will participation from existing investor V-One Tech Co., Ltd. which will increase its stake to 60.55% after completion. The company will raise funding through third-party allotment. The transaction was approved by the board of directors of the company. The company expects to close the transaction on April 1, 2021.