Sapphire Technology Co., Ltd. announced that it has received KRW 25 billion in funding from Hyundai Asset Management Co. Ltd., KTC-NP-Growth Champ 2011-2 PEF.

On August 26, 2015, Sapphire Technology Co., Ltd. closed the transaction. The company issued seventh unregistered unsecured unguaranteed private convertible bonds and received gross proceeds of KRW 20,000,000,000 in its second tranche. The company received gross proceeds of KRW 25,000,000,000 in the transaction.