YED Media Co., Ltd. announced a private placement of 1st series unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on December 31, 2018. The transaction will involve participation from IM Tech Inc. (KOSDAQ:A226350). The bonds will carry a coupon of 2% and yield to maturity of 12%. The maturity period of bonds is December 31, 2021. The bonds will be 100% convertible at a fixed conversion price of KRW 5,000 per share. The conversion period will be from December 31, 2019 to December 31, 2021. The transaction is expected to close on January 8, 2019. The transaction has been approved by the board of directors of the investor. On the same day, the company has received KRW 3,300,000,000 in its first tranche.