Thor Drive, Inc. announced a private placement of 1,416,666 common shares at a price of KRW 1,903.589131 per share for gross proceeds of KRW 2,696,749,999.857246 on May 17, 2018. The transaction will include participation from new investor Unitrontech Co., Ltd. (KOSDAQ:A142210). The transaction was approved by the board of directors of the investors. The transaction is expected to close on June 16, 2018.