JD Solution Co., Ltd. announced a private placement of 1,004,000 common shares at a price of KRW 8,000 per share for gross proceeds of KRW 8,032,000,000 on May 16, 2017. The transaction will include participation from a new investor, Essen Tech Co., Ltd. to acquire 22.31% stake in the company. The investor will acquire 625,000 shares by third party allocation for KRW 5,000,000,000 and 379,000 existing shares for KRW 3,032,000,000. The transaction has been approved by the board of the company. The transaction is expected to close on July 12, 2017. The company reported total assets of KRW 16,438,000,000, total liabilities of KRW 7,419,000,000, sales of KRW 4,743,000,000, and net loss of KRW 2,071,000,000 for the year ending December 31, 2016.