ED Co., Ltd. (KOSDAQ:A033110) announced a private placement of 10,000,000 shares of par value 500 per share at a price of KRW 500 per share for the gross proceeds of KRW 5,000,000,000 on March 29, 2019. The transaction will include participation from returning investor Paradisepoint Inc. The transaction is expected to close on April 30, 2019. The securities issued pursuant to the transaction is subject to a hold period of one year. The transaction has been approved by the board of the directors of the company.