ESTglobal Corp. announced that it will issue 300,000 common shares at a price of KRW 10,000 per share for gross proceeds of KRW 3,000,000,000 on July 31, 2019. The transaction will include participation from new investor ZUM Internet Corp. (KOSDAQ:A239340) for a 60% stake in the company. The transaction has been approved by the board of directors of the investor, and is expected to close on August 16, 2019.