Daejeon Shinsegae Inc. announced a private placement of 500,000 common shares at an issue price of KRW 50,000 for gross proceeds of KRW 25,000,000,000 on July 9, 2018. The transaction will involve participation from returning investor Shinsegae Inc. (KOSE:A004170). The subscription period will start from July 9, 2018 to July 10, 2018. The transaction is expected to close on July 11, 2018. The transaction was approved by the board of directors of the investor.