On January 15, 2018, Nara KIC Inc. (KOSE:A007460) closed the transaction. The company announced that it has amended the terms of the transaction. The 8th series bonds will mature on January 18, 2023 and will be convertible between January 18, 2019 to December 18, 2022. On the same day the company has received 8th series unregistered unguaranteed private convertible bonds for proceeds of KRW 50,000,000,000 in its final tranche.