KUKBO Logistics Co., Ltd. has announced a private placement of 392,156 common stock at issue price of KRW 2,550 per share for gross proceeds of KRW 999,997,800 on January 17, 2024. The transaction includes individual investor participation of Park Nam Ro for 156,862 common stock, Je Hyuk Soo for 117,647 common stock and Kim Seon Guk for 117,647 common stock. The transaction is expected to close on January 25, 2024.

The transaction has been approved by the board of directors of the company. All the securities issue under the offering is subject to a lock up period of one year.