Illupack Co. Ltd announced that it will issue 200,000 common shares at an issue price of KRW 10,000 per share for the gross proceeds of KRW 2,000,000,000 on June 25, 2024. The transaction will include participation from new investor SUN&L Co., Ltd. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on July 5, 2024.