Korea Software Financial Cooperative announced a private placement of 8,571 shares at a price of KRW 676,710 per share for gross proceeds of KRW 5,800,081,410 on July 4, 2018. The transaction included participation from existing investor Ssangyong Information & Communications Corp. (KOSDAQ:A010280). Post the closing, the investor will hold 3.6% stake in the company. The transaction has been approved by the board of directors by the investor. The company reported total assets of KRW 343,376,000,000, total liabilities of KRW 21,182,000,000, and net profit of KRW 4,591,000,000, total capital of KRW 322,194,000,000, capital of KRW 238,059,000,000, and sales amount of KRW 12,317,000,000 for the year ended December 31, 2017.