K-Box Inc. announced a private placement of 810,000 common shares at an issue price of KRW 10,000 for gross proceeds of KRW 8,100,000,000 on May 2, 2018. The transaction involved participation from returning investor JTC Inc. (KOSDAQ:A950170). The shares were issued through third party allotment method. Post the closing of the transaction, the shares issued by the company will increase from 90,000 to 900,000. The transaction was approved by the board of directors of the company.