Yogibo Korea Inc announced a private placement of 8,000 shares at a price of KRW 75,000 per share for gross proceeds of KRW 600,000,000 on March 20, 2018. The transaction involves participation from Eomji House Co., Ltd. (XKON:A224810). The transaction has been approved by the board of directors of the company. The company reported total assets of KRW 1,762,000, total liabilities of KRW 1,559,000, net profit of KRW 114,000,000, sales of KRW 2,121,000 for the year ended December 31, 2017. The transaction is expected to close on August 30, 2018.