Action Square CO., LTD. (KOSDAQ:A205500) announced a private placement of 1,375,516 common shares at price of KRW 7,270 per share for gross proceeds of KRW 10,000,001,320 on January 17, 2018. The shares will be issued at a premium. The company will issue shares through third party allotment. The securities being issued are subject to a lock in period of 1 year. The transaction will include participation from returning investor Kakao Games Corporation. The transaction was approved by the board of directors of the company. The transaction is expected to close on January 24, 2018.