Daesan Port Operating Co., Ltd announced a private placement of 178,200 common shares at KRW 5,000 per share for gross proceeds of KRW 891,000,000 with existing shareholders on January 2, 2014. The transaction will include participation from CJ korea express Corporation, which will invest KRW 436,590,000 by subscribing 87,318 shares. The board of directors of the company has approved the transaction.