IokCompany Co., Ltd. announced a private placement of series 19 unregistered non-coupon nonguaranteed private convertible bond for gross proceeds of KRW 500,000,000 on November 30, 2021. The transaction included participation from Samyul Bio Co., Ltd. The bonds will carry interest rate of 0%, maturity rate of 0% and will mature on November 30, 2024. The bonds are 100% convertible into 227,272 shares representing 0.25% stake at a conversion price of KRW 2,200 per share from November 30, 2022 to October 30, 2024. The transaction has been approved by the board of directors of the company.