Daemyung Leisure Jeju Co., Ltd. announced a private placement of 1,000,000 common shares at KRW 10,000 per share for gross proceeds of KRW 10,000,000,000 from existing investor on December 26, 2017. The transaction was approved by the board of directors of the company. The company will issue 14.5369967 shares for each existing share held by the investor.