Willings Co., Ltd. announced a private placement of Series 1 private convertible bond on October 31, 2022. The bonds are 100% convertible into 1,156,069 shares at a conversion price of KRW 8,650 per share.

On March 2, 2023, the company announced that the conversion price of bonds is KRW 8,080.

On April, 29, 2023, the company announced that the bonds are fully convertible into 910,746 common shares at a conversion price of KRW 10, 980 per share.