SeAH Steel International Co., Ltd. announced a private placement of 20,000 common shares of face value of KRW 5,000 at a price of KRW 300,000 for gross proceeds of KRW 6,000,000,000 on January 29, 2020. The transaction included participation from returning investor SeAH Steel Holdings Corporation (KOSE:A003030) and continue to retain 100% stake. The company will issue 0.0099850 shares per 1 existing share at a premium of 5,900%. The transaction has been approved by the board of directors.