Seouleaguer Co., Ltd. (KOSDAQ:A043710) announced a private placement of 4,000,000 common shares at an issue price of KRW 1,250 per share for gross proceeds of KRW 5,000,000,000 on January 17, 2020. The transaction will involve participation from KS Medical Corporation. The shares have face value of KRW 500. The shares are issued at a discount of 10%. The shares issued in the transaction will have a hold period of 12 months from the date of issuance. The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 29,515,308 shares to 33,515,308 shares. The payment date is February 3, 2020. The transaction has been approved by the board of directors of the company.