3S Korea Co., Ltd. (KOSDAQ:A060310) announced a private placement of 11th unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,380,000,000 on December 15, 2016. The bonds bear fixed interest rate of 3% and yield to maturity for 5%. The bonds are 100% convertible into common shares at KRW 2,667 per share from December 16, 2017 to November 16, 2019. The bonds will mature on December 16, 2019. The bonds will be issued at par. The transaction included participation from Kiyeol Kim for 300,000,000 shares, Jongik Park for 200,000,000 shares, Jaeheon Lee for 200,000,000 shares, and other investors. The transaction has been approved by the board of directors of the company. The transaction is expected to be completed by December 16, 2016.