Hanjin International Corporation announced that it will issue 231,210,000 common shares at a price of $1.73 per share for gross proceeds of $399,993,300 (KRW 551,070,769,410) on June 17, 2024. The transaction will include participation from the returning investor Korean Airlines Co.,Ltd. Post-closing, the investor will retain its 100% stake in the company. On closing, outstanding shares of the company will increase from 491,440,000 shares to 722,650,000 shares.

The transaction was approved by the board of directors of the returning investor. The transaction expects to be closed on June 25, 2024.