SSIK Co., Ltd. announced a private placement of 70,000 shares at an issue price of KRW 37,000 per share for gross proceeds of KRW 2,590,000,000 on April 28, 2022. The shares have a par value of KRW 10,000 per share. The company raised funding through shareholder allocation increase method.

The transaction included participation from SeAH Steel Holdings Corporation. The transaction has been approved by the board of directors.