On November 8, 2019, HANKOOK Corporation Inc. (KOSDAQ:A050540) closed the transaction. The company received KRW 8,500,000,000 in the transaction. The bonds now are fully convertible into 4,269,211 shares for 11.01% stake in the company at a fixed conversion price of KRW 1,991 per share.

The transaction included participation from returning investor HANKOOK Technology Inc. (KOSDAQ:A053590) for KRW 5,100,000,000, and Hankook Engineering Co. Ltd for 1,900,000,000 and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) for KRW 1,500,000,000.