DPECO Co.,Ltd. (XKON:A163430) announced a private placement of series 6 non-guaranteed korean won privately converted bonds for gross proceeds of KRW 1,000,000,000 on January 5, 2021. The transaction will involve participation from Duk-sang Kim for KRW 850,000,000 and Jong Ho Park for KRW 150,000,000. The bonds have a coupon rate of 1% and interest rate to maturity of 4%. The bond maturity date is January 7, 2025. The bonds are fully convertible into 225,733 shares at a conversion price of KRW 4,430 per share from January 7, 2022 and ends on December 7, 2024. The transaction was approved by the board of directors of the company. The bonds will be subject to hold period of one year. The transaction is expected to close on January 7, 2021.