TSI Co., Ltd. (XKON:A277880) announced a private placement of 265,485 convertible and redeemable preferred shares at a price of KRW 5,650 per share for gross proceeds of KRW 1,499,990,250 on March 8, 2018. The shares will be issued by a way of third party allotment. The transaction is expected to close on March 9, 2018. The transaction has been approved by the board of directors of the company. The transaction will involve participation from Korea Investment & Securities Co., Ltd., Investment Arm for 88,495 shares and Industrial Bank of Korea, Investment Arm for 176,990 shares.