ESTglobal Co., Ltd. announced a private placement of 300,000 common shares at an issue price of KRW 10,000 per share for gross proceeds of KRW 3,000,000,000 on July 31, 2019. The transaction will involve participation from new investor, ZUM Internet Corp. (KOSDAQ:A239340). The shares have face value of KRW 500. The shares are issued at a premium. 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 200,000 shares to 500,000 shares. The payment date is August 16, 2019. The transaction has been approved by the board of directors of the company.