NBICORNE Co., Ltd. announced a placement of 20,000 common shares at an issue price of KRW 100,000 per share for gross proceeds for KRW 2,000,000,000 on January 19, 2024. The transaction will include participation from new investor, Harim Holdings Co., Ltd. for 20,000 shares for post-investment stake of 100%. The transaction has been approved by board of directors of the company.

The method of capital increase is through shareholder allocation.