DKC Co., Ltd. announced a private placement of 80,000 common shares at a price of KRW 25,000 per share for gross proceeds of KRW 2,000,000,000 on December 16, 2020. The transaction will include participation from returning investor GAON CABLE Co., Ltd. (KOSE:A000500) to retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor.