KT Sports Co., Ltd. announced that it will issue 3,050,000 common shares at a price of KRW 5,000 for gross proceeds of KRW 15,250,000,000 on September 26, 2023. The transaction includes participation from returning investor, KT Corporation for 1,603,070 shares for proceeds of KRW 8,015,350,000. The transaction has been approved by board of directors of the company.

The transaction is expected to be closed on November 7, 2023.