WFM Inc. (KOSDAQ:A035290) announced a private placement of 587,372 shares at a price of KRW 3,405 per share for gross proceeds of KRW 2,000,001,660 on September 28, 2018. The transaction will include participation from Byunghyun Kwak and Kyunghee Lee for 293,686 shares each. he shares have a face value of KRW 500 per share and are issued at premium. The shares are issued through a third party allotment method. All shares are subject to a one year hold period. Post the closing, the number of shares increased from 22,173,875 to 22,761,247. The payment date is October 12, 2018. The transaction has been approved by the board of directors of the company.