Will Investment announced that it will receive KRW 6,000,000,000 in a round of equity funding from existing investor Soribada Inc. (KOSDAQ:A053110) on January 17, 2016. The company will issue 1,200,000 common shares at a price of KRW 5,000 per share. The shares will be issued at par.

Post the closing, the investor will continue to retain its stake of 100% in the company. The company will issue three shares for every existing share held. The payment date of the transaction is January 17, 2017.

The company reported total assets of KRW 2,062,000,000, total liabilities of KRW 3,000,000, total capital of KRW 2,059,000,000, capital of KRW 2,000,000, sales amount of KRW 8,000,000, and net loss of KRW 87,000,000 for the year ended December 31, 2015.