Fashion Platform Co.,Ltd. (KOSDAQ:A225590) announced a private placement of 375,000 Convertible preferred shares at KRW 8000 per share for gross proceeds of KRW 3,000,000,000 with its largest shareholder KDB Capital Corporation on June 15, 2017. The shares issued will have a lock up period of one year. The preferred shares are convertible into common shares of the company for a period from June 20, 2018 to June 19, 2022.