HANKOOK Corporation Inc. (KOSDAQ:A050540) announced a private placement of 5,460,993 common shares at a price of KRW 2,820 per share for gross proceeds of KRW 15,400,000,260 on December 17, 2018. The transaction will include participation from new investors, Global Bio Fund for 5,319,149 shares, Kyungo Lee, and Thomas Taek Yoo for 70,922 shares each. The shares will be issued at a premium. The shares will have a lock-up period of one year. Post the closing, the number of shares will increase from 28,118,711 to 33,579,704. The shares will be issued through third party allotment method. The payment date is December 27, 2018. The transaction has been approved by the board of directors of the company.