Volvik Inc. (XKON:A206950) announced a private placement of 10,000 common shares at a price of kRW for proceeds of KRW 100,000,000 and 160,000 preferred shares at price of KRW 1,600,000,000, for aggregate gross proceeds of KRW 1,700,000,000 on December 30, 2015. The transaction will involve participation from returning investor SK Securities Co., Ltd., Investment Arm for the preferred shares, and indivdiual investors, Woon-Jeong Choi and Mi-Hyang Lee for 5,000 common shares each.