CUBOX Co., Ltd announced a private placement of 166,666 shares at a price of KRW 3,000 per share for gross proceeds of KRW 499,998,000 on June 5, 2018. The transaction will include participation from new investor, Puloon Technology Inc. (KOSDAQ:A094940) for 7.24% stake in the company. The transaction has been approved by the board of directors of the investor. The payment date is June 11, 2018. The company reported total assets of KRW 5,479,000,000, total liabilities of KRW 1,738,000,000, net assets of KRW 3,741,000,000, revenue of KRW 7,187,000,000, and net profit of KRW 1,713,000,000 for the year ended December 31, 2017.