Dongbu Corporation announced a private placement of 134,132 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 670,660,000 on January 3, 2022. The company will receive funding through third party allotment of capital. The transaction will include participation from Lotte Engineering & Construction Co., Ltd. for 81,685 shares and GS Engineering & Construction Corporation for 52,477 shares.The transaction has been approved by board of directors of the company.