IDEST Co., Ltd. announced a private placement of 200,000 common shares at KRW 1,000 per share for gross proceeds of KRW 200,000,000 on December 5, 2013. The shares were issued to existing investor Livart Furniture Co., Ltd. The investor exercised the pre-emptive subscription right and continues to hold 100% stake in the company. The subscription period started and ended on December 5, 2013, the same being the payment date. The transaction was approved by the board of directors of the company.

On December 5, 2013, IDEST Co., Ltd. closed the transaction.