SeAH Steel International Co., Ltd. announced a private placement of 80,000 common shares of face value of KRW 5,000 at a price of KRW 300,000 per share for gross proceeds of KRW 24,000,000,000 on August 31, 2020. The transaction included participation from returning investor SeAH Steel Holdings Corporation (KOSE:A003030), retaining its 100% stake in the company. The company issued 0.0395452 shares per 1 existing share at a premium of 5,900%. The transaction has been approved by the board of directors. The funding is raised through shareholder allocation increase method. The subscription date starts and ends on August 31, 2020.