YD Online Corp. (KOSDAQ:A052770) announced a private placement of 521,648 common shares at price of KRW 3,834 per share for gross proceeds of KRW 1,999,998,432 on January 18, 2018. The shares were issued at a premium. The company issued shares through third party allotment. The securities being issued are subject to a lock in period of 1 year. The transaction included participation from existing investor Shinian Inc. The transaction was approved by the board of directors of the company.