Ilkyung Inc. (KOSDAQ:A078940) announced a private placement of 13th series unregistered and unsecured convertible bonds for gross proceeds of KRW 500,000,000 with its investor M.K Corporation on January 26, 2017. The bond carries a coupon of 4% per annum and a yield to maturity of 5%. The bond is convertible into common shares of the company at a conversion price of KRW 1,724 per share for a period from January 26, 2018 to December 26, 2019.