KG Enerchem Co., Ltd. announced that it will issue 2,800,000 common shares at an issue price of KRW 10,000 per share for gross proceeds of KRW 28,000,000,000 on October 4, 2023. The transaction will include participation from returning investor KG Dongbu Steel Co.,Ltd. The transaction has been approved by the board of directors of the company. The company is expected to close the transaction on October 12, 2023.