JangWonTech Co., Ltd. (KOSDAQ:A174880) announced a private placement of 5,370,570 common shares at a price of KRW 931 per share for gross proceeds of KRW 5,000,000,670 on February 2, 2021. The transaction will include participation from new investor, JSP Fund. The company will issue shares through third party allotment method at a premium to par value of KRW 100 per share. The transaction is expected to close on March 23, 2021. The transaction has been approved by the board of directors of the company. The securities are subject to one year lock-up period. The company has 72,001,306 total number of issued shares.