Daejeon Shinsegae Inc. announced a private placement of 1,580,000 common shares at a price of KRW 50,000 for gross proceeds of KRW 79,000,000,000 on July 13, 2020. The face value of share is KRW 5,000 and will be issued at 900% premium. The new shares will be allocated in the ratio of 0.2915129 per share. The number of shares of the company will be increased to 5,420,000. The scheduled subscription date is from July 13, 2020 to July 14, 2020. The transaction is expected to close July 31, 2020.