NBICORNE Co., Ltd. announced a private placement of 100,000 common shares of par value KRW 5,000 issued at KRW 50,000 per share for gross proceeds of KRW 5,000,000,000 from returning investor NS Shopping Co., Ltd (KOSE:A138250) on January 31, 2020. The investor will continue to retain its 100% stake in the company. The transaction has been approved by the board of directors of the company. The payment date is February 17, 2020.