IDEST Co., Ltd. announced a private placement of 1,200,000 common shares at KRW 1,000 per share for gross proceeds of KRW 1,200,000,000 on September 19, 2014. The transaction will include participation from existing investor Hyundai Livart Furniture Co., Ltd. The investor will exercise its pre-emptive subscription rights as part of the transaction. The company will issue 0.3458213 shares per one existing share.

The scheduled period of the shares will commence and end on September 19, 2014. The transaction was approved by the board of directors of the company.