Media Zen Co., Ltd. announced a private placement of 560,000 common shares at KRW 5,000 per share with new investor, Bluecom Co., Ltd. for gross proceeds of KRW 2,800,000,000 on August 23, 2012. The payment date is August 27, 2012. The investor will acquire 19.31% stake in the company.

The company has total assets of KRW 3,525,000,000, revenues of KRW 3,387,000,000, and net profit of KRW 110,000,000 in 2011.