TERRASEM Co., Ltd. (KOSDAQ:A182690) announced a private placement of 3,886,513 common shares of par value KRW 500 per share at a price of KRW 2,573 per share for gross proceeds of KRW 9,999,997,949 on December 15, 2020. The transaction will include participation from existing investor Synest Co., Ltd. All securities to be issued in the transaction will be subject to a hold-period of one year. The transaction has been approved by board of directors of the company. The payment date is January 27, 2021.