SC Engineering Co., Ltd announced a private placement of 1,892,505 common shares at an issue price of KRW 2,642 per share for gross proceeds of KRW 4,999,998,210 on May 15, 2023. The transaction will include participation from new investor, CANARIABIO M Inc. The expected date of payment is July 7, 2023. The transaction has been approved by board of directors of the company.

The securities have a hold period of one year. The method of capital increase is through third party allocation.