On January 13, 2020, Star Mobility Co.,Ltd. (KOSDAQ:A158310) closed the transaction. The company received KRW 19,500,000,000 in the transaction. The transaction included participation from returning investor Korea Securities Finance Corporation, Investment Arm. The bonds carry a fixed coupon rate of 3% and yield to maturity of 13%. The bonds will mature on January 13, 2025. The bonds carry a fixed conversion price of KRW 2,310 and will be convertible from January 13, 2021 to December 13, 2024 into 8,441,558 shares. The transaction was approved by the board of directors of the company. The transaction did not include participation from Spirits Summit Co., Ltd.