KD Corporation announced a private placement of round 5 convertible debentures for gross proceeds of KRW 3,000,000,000 on December 11, 2020. The transaction included participation from KD M Tech Co., Ltd. The debentures have a coupon rate of 12%, yield to maturity of 12%, and maturity date of December 11, 2023. The debentures are 100% convertible into 1,940,491 registered common shares of the company at a fixed conversion price of KRW 1,546 per share, for a period from December 11, 2021 to November 11, 2023. The transaction has been approved by the board of directors of the company.