KANGWON B&E Co., Ltd. (KOSE:A114190) announced a private placement of 1,033,413 registered redemption convertible preferred stock at KRW 5,806 per share for gross proceeds of KRW 5,999,995,878 on February 29, 2012. IBK-SKS Private Equity Fund No.4, a fund managed by IBK Capital Corporation will invest in the transaction. The preferred shares will be convertible into common stock of the company. The payment date is March 14, 2012. The securities issued will have a hold period of one year.