SeAH Steel International Co., Ltd. announced a private placement of 9,000 common shares of face value, KRW 5,000 at a price of KRW 300,000 per share for gross proceeds of KRW 2,700,000,000 on February 9, 2021. The transaction will include participation from returning investor, SeAH Steel Holdings Corporation to retain its 100% stake in the company. The company will issue 0.0042796 shares for every one existing share. The transaction has been approved by the board of directors of the company. The company is issuing shares through shareholder allocation increase method at a premium of 5,900%. The subscription date starts and ends on February 16, 2021. The transaction is expected to close on February 16, 2021. Prior to the transaction, the total number of issued shares in the company are 2,103,000 shares.