Idience Co., Ltd announced a private placement of 2,238,058 class stocks at a price of KRW 6,700 per share for gross proceeds of KRW 14,994,988,600 on December 21, 2022. The transaction will include participation from returning investor Ildong Holdings Co., Ltd. The transaction has been approved by board of directors of the company. The transaction is expected to close on December 30, 2022.