Posmate Co., Ltd. announced that it has raised KRW 59,810,021,280 in funding on January 1, 2013. The company issued 568,969 common shares at KRW 105,120 per share in the transaction. Existing investor, POSCO subscribed to 394,745 shares for KRW 41,495,594,400, gained 9.4% and now holds 54.50% stake. New investor, POSCO Engineering & Construction Co., Ltd. subscribed to 174,224 shares for KRW 18,314,426,880 and gained 11.70% stake in the company.

On January 1, 2013, Posmate Co., Ltd. closed the transaction.