Artist Cosmetic Co., Ltd. announced a private placement of 34,200,000 at an issue price of KRW 500 per share for gross proceeds of KRW 17,100,000,000 on August 10, 2020. The transaction included participation from NK Mulsan CO., LTD. (KOSE:A009810) for 16,200,000 shares and MiraeING.Co.,Ltd. (KOSE:A007120) for 18,000,000 shares. The transaction has been approved by the board of directors of the company.