ED Co., Ltd. (KOSDAQ:A033110) announced a private placement of 15,209,125 common shares at a price of KRW 526 per share for gross proceeds of KRW 7,999,999,750 on December 11, 2018. The transaction will include participation from existing investor Paradisepoint Inc. through third party allotment. The company will issue the shares at premium. Upon closing, the number of shares will increase from 74,202,968 shares to 89,412,093 shares. The shares issued are subject to hold period of 1 year from issuance. The payment date is December 19, 2018. The transaction has been approved by the board of directors of the company.