Harim Food Co., Ltd. announced a private placement of 30,000 shares at a price of KRW 1,000,000 per share for the gross proceeds of KRW 30,000,000,000 on October 2, 2019. The transaction will include participation from existing investor NS Shopping Co., Ltd (KOSE:A138250) and it will retain its 100% stake. The capital increase is through shareholder allocation. The face value of the shares is KRW 5,000 and has been issued at a premium of KRW 995,000. The payment date of the shares is October 15, 2019. The transaction was approved by the board of directors of the company.