Tving Co.,Ltd announced a private placement of 339,272 shares a the price of KRW 442,123 per share for gross proceeds of KRW 149,999,954,456 on October 13, 2021. The transaction included participation from existing investors CJ ENM CO., Ltd. which will acquire 180,000 shares, NAVER Corporation which will acquire 39,272 shares and new investor JTBC STUDIOS Co., Ltd which will acquire 120,000 shares. The transaction has been approved by the board of directors of the company. The transaction is expected to close on October 14, 2021.