Ls Ev Korea Ltd. announced that it will issue 17,237,664 common stock at a price of KRW 4,641 per common share for gross proceeds of KRW 79,999,998,624 on April 16, 2024. The transaction included participation from returning investor LS Cable & System Ltd, and new investor KV3 First Investment Co., Ltd. The transaction is expected to close on May 8, 2024. This has been approved in the board of directors of the LS Cable & System Ltd. The company will raise money through a third-party allocation paid-in capital increase.