FNC ADD CULTURE. Co., Ltd. (KOSDAQ:A063440) announced a private placement of 838,926 common shares at an issue price of KRW 1,788 per share for gross proceeds of KRW 1,499,999,688 on May 24, 2019. The transaction will involve participation from individual investor, Sungho Yoo. The shares have face value of KRW 500. 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 44,190,228 shares to 45,029,154 shares. The payment date is June 3, 2019. The transaction has been approved by the board of directors of the company.