IokCompany Co., Ltd. (KOSDAQ:A078860) announced that it has received KRW 1,000,000,000 in a round of funding on February 17, 2021. The company issued series 16 no guarantee with bearer no interest privately held convertible bonds in the transaction. The transaction included participation from individual investor Han Bin Kim. The bonds do not carry any interest. The bonds will mature on February 17, 2024. The bonds are fully convertible at a fixed conversion price of KRW 1,440 per share into 694,444 common shares from February 17, 2022 to January 17, 2024. The transaction was approved by the board of directors of the company.