SSCHARGER Co., Ltd. announced a placement of 40,000 common shares at an issue price of KRW 750,000 per share for gross proceeds of KRW 30,000,000,000 on November 29, 2023. The transaction has been approved by board of directors of the company. The expected date of payment is December 20, 2023.

The method of capital increase is through shareholder allocation. The transaction will include participation from returning investor SK Networks Company Limited.