J-One Co., Ltd. announced that it will issue 80,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 400,000,000 on April 16, 2019. The transaction will include participation from existing investor SHINSEGAE FOOD Inc. (KOSE:A031440). The payment date of the transaction is May 16, 2019. Post closing, the investor will retain 100% stake in the company. The transaction has been approved by the board of directors of the company.