T.S. Investment Corporation announced a private placement of 2,051,983 common shares at an issue price of KRW 1,462 per share for the gross proceeds of KRW 2,999,999,146 on May 2, 2023. The transaction will include participation from new investor Spring rain holdings Inc. for 2,051,983 shares. The share are restricted to a hold period of 1 year.

The transaction has been approved by the shareholders of the company. The transaction is expected to close on May 19, 2023.