Korea Arlico Pharm Co., Ltd. (KOSDAQ:A260660) announced a private placement of 235,000 common shares at a price of KRW 12,000 for gross proceeds of KRW 2,820,000,000 on March 12, 2018. The transaction will involve participation from IBK Securities Co. Ltd. The transaction will be carried out through third party allotment method. The transaction has been approved by the board of directors of the company.