Volvik Inc. (XKON:A206950) announced a privet placement of 240,000 preferred shares at a price of KRW 10,000 per share for gross proceeds of KRW 2,400,000,000 on November 23, 2017. The shares are issued through 3rd party allotment. The preferred shares are convertible into common stock from November 24, 2017 to November 24, 2027.