Jungjinho Effect Inc. announced a private placement of 20,369 shares at a price of KRW 81,004 per share for gross proceeds of KRW 1,649,970,476 on July 3, 2018. The transaction includes participation from new investor Coloray International Investment Co., Limited (KOSDAQ:A900310) for 15% stake. The transaction is expected to close on July 10, 2018. The company reported total assets of KRW 403,000,000; total liabilities of KRW 81,000,000; total capital of KRW 322,000,000; revenue of KRW 266,000,000 and net loss of KRW 33,000,000 for the year ended December 31, 2017.