SSIK Co., Ltd. announced a private placement of 28,000 shares at an issue price of KRW 300,000 per share for gross proceeds of KRW 8,400,000,000 on March 15, 2023. The transaction will included participation from returning investor SeAH Steel Holdings Corporation. The shares have a par value of KRW 10,000 per share.

The company will raise funding through shareholder allocation increase method. The transaction has been approved by the board of directors. The transaction is expected to close on March 30, 2023.