Shinsegae TV Shopping Inc. announced a private placement of 2,000,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 10,000,000,000 on February 19, 2019. The transaction will involve participation from Shinsegae Inc., existing investors, and other shareholders can acquire forfeited shares. The shares are issued at its face value.

Post the closing, the total number of shares issued by the company will increase from 11,800,000 shares to 13,800,000 shares. The payment date is March 7, 2019. The subscription start and end dates are March 5, 2019 and March 6, 2019 respectively.

The transaction has been approved by the board of directors of Shinsegae Inc.