People & Telecommunication Inc. (KOSDAQ:A054340) announced a private placement of 4,186,050 common shares at a price of KRW 2,150 per share for the gross proceeds of KRW 9,000,007,500 on February 8, 2018. The shares are allotted by way of third party capital increase method. The payment of shares is February 13, 2018. The transaction will include participation from Bona NS Co., Ltd.The shares are subject to a lock up period of 1 year.