On January 25, 2024, Telefield Inc. closed the transaction. The bonds are converted into 3,906,250 shares at a fixed conversion price of KRW 2,304 January 25, 2025 to December 25, 2026. The bonds will mature on January 25, 2029.

The transaction has been approved by shareholders of the company and is expected to close on January 25, 2024.