Uiseong Wind Co., Ltd announced a private placement and it will issue 440,000 common shares at an issue price of KRW 10,000 per share for gross proceeds of KRW 4,400,000,000 on December 7, 2023. The transaction will include participation from new investor, SK D&D Co. Ltd. The company will receive funding through third party allocation method.

The transaction is approved by the board of directors of the company.