SJK Co., Ltd. (KOSDAQ:A080440) announced a private placement of 1,041,665 shares at a price of KRW 2,880 per share for gross proceeds of KRW 2,999,995,200 on December 14, 2018. The shares are being issued by 3rd party allotment to members of the management of the company including Seung Yeol Lee, Chief Executive Officer of the company for 520,833 shares, Seungjin Choi for 277,777 shares, and Minjung Kim for 243,055 shares. The shares will be issued at premium from face value of KRW 500 per share. The shares issued will be subject to a lock up of one year from issuance. The number of outstanding shares will increase from 7,196,330 shares to 8,237,995 shares. The transaction was approved by the board of directors of the company. The expected payment date will be December 24, 2018.