AKIS CO. LTD announced a private placement of 3,885,000 common shares at the price of KRW 5,000 per share for gross proceeds of KRW 19,425,000,000 on November 12, 2021. The transaction will include participation from AK Holdings, Inc. The payment date for the transaction is December 21, 2021. The transaction has been approved by board of directors of the company.