DST Co., Ltd. (KOSDAQ:A033430) announced a private placement of 5,681,200 common shares at a price of KRW 370 for gross proceeds of KRW 2,102,044,000 on March 17, 2021. The transaction will include participation from new investor Gahyeon Industrial Development Co., Ltd. and Shine Art Industry Co., Ltd., and individual investors Gu-cheol Ku, Kyung Ae Kim and Eun-kyung Yang. The transaction has been approved by the board of directors of the company. The company will issue shares through third party allotment method. The shares will be subject to a 1 year lock-up period. The payment date is March 25, 2021.