Yelopay Corporation (XKON:A179720) announced a private placement of 1st series unguaranteed private placement non-detachable bonds with warrants for gross proceeds of KRW 1,470,000,000 on July 12, 2017. The transaction include participation from investors, Lee, Sang-Gyu invested KRW 1,000,000,000, Neutinamu Library Foundation invested KRW 280,000,000, Lee, Miok invested KRW 50,000,000, Kwon, Chulwon invested KRW 80,000,000, Kim, Junhyung invested KRW 30,000,000, and Seo, Junga invested KRW 30,000,000. The warrant will be 100% exercise ratio at a exercised amount of KRW 1,000. The bonds will have zero coupon rate and yield to maturity of 10%. The bonds will mature on July 13, 2020. The subscription date is July 13, 2017, and payment date is July 13, 2017. The transaction has been approved by the board of directors of the company.