Jeju Air Co., Ltd. (KOSE:A089590) announced a private placement of 5,545,902 shares at a price of KRW 13,050 per share for gross proceeds of KRW 72,374,021,100 on June 26, 2020. The transaction will include participation from returning investor AK Holdings, Inc. (KOSE:A006840). The transaction has been approved by board of directors of the company and the investor and is expected to close on August 14, 2020.