Deutsch Autoworld Co.,Ltd. announced that it issued 4,000,000 common shares at a price of KRW 5,000 per share for a gross proceeds of KRW 20,000,000,000 on March 2, 2021. The company issued the shares through shareholders allocation increase method. The transaction included participation from returning investor Deutsch Motors Inc. (KOSDAQ:A067990) which will continue to hold 100% stake in the company. The transaction has been approved by the board of directors of the investor. The shares are being issued at par value.