Yelopay Corporation (XKON:A179720) announced that it will issue 6,660,000 common shares at a price of KRW 45 for gross proceeds of KRW 299,700,000 on March 7, 2019. The transaction will involve participation from returning individual investor Sang-Gyu Lee. The shares have a face value of KRW 500 and will be issued at a discount. The transaction will take place through third party allotment. The shares issued will be subject to a hold period of 1 year with Korea Securities Depository. Post the transaction, the total number of issued common shares will increase from 11,250,000 to 17,910,000 shares and the total number of other shares is 1,500,000. The subscription date is March 7, 2019 and the transaction is expected to close on March 15, 2019.