AK S&D Inc. announced a placement of 21,000,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 105,000,000,000 on February 10, 2023. The transaction will include participation from returning investor, AK Holdings, Inc. The method of capital increase is through shareholder allotment. The company total number of common shares issued before capital increase 4,311,460 shares.

The transaction has been approved by board of directors of the company. The subscription date and the payment date is April 25, 2023.