HANKOOK Corporation Inc. (KOSDAQ:A050540) announced a private placement of 14,000,000 common shares having face value of KRW 500 per share at a price of KRW 500 per share for gross proceeds of KRW 7,000,000,000 on July 30, 2020. The transaction will include participation from new investors, Value Plus Touta Association 1 for 12,000,000 shares and Jang, Woo Seok for 2,000,000 shares. The shares will have a lock-up period of one year. The shares will be issued through third party allotment method. The payment date is August 7, 2020 and share issue date is September 7, 2020. The transaction has been approved by the board of directors of the company.