LS Marine Solution Co., Ltd. announced a private placement to issue 2,768,549 common shares at an issue price of KRW 12,642 per share for the gross proceeds of KRW 34,999,996,458 on May 24, 2024. The transaction will include participation from returning investor LS Cable & System Ltd. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 3, 2024.