ESV Inc. (KOSDAQ:A223310) announced a private placement of 3,841,229 shares at a price of KRW 781 per share for gross proceeds of KRW 2,999,999,849 on August 17, 2018. The transaction will include participation from existing investor Celrun Co., Ltd. The company will issue shares through third party allotment method at a premium of KRW 681 per share over face value of KRW 100 per share. The total number of issued shares will increase to 110,279,530 shares.

The expected payment date is October 4, 2018. The securities issued are subject to hold period of 1 year. The transaction has been approved by the board of directors of the company.