Shinsegae DF Inc. announced a private placement of 1,660,000 equity shares at a price of KRW 50,000 per share for gross proceeds of KRW 83,000,000,000 on December 11, 2017. The transaction will include participation from the existing shareholder, Shinsegae Inc. (KOSE:A004170). The shares will be issued at a premium. Post the closing of the transaction, the common shares issued by the company will increase from 4,400,000 to 5,900,000. The expected payment date of the transaction is December 18, 2017. The transaction has been approved by board of directors.