GOODPEOPLE Co., Ltd. (KOSDAQ:A033340) announced a private placement of 3,495,688 shares at a price of KRW 4,291 per share for gross proceeds of KRW 14,999,997,208 on October 19, 2018. The transaction will include participation from new investor, JH Resource Co., Ltd. The shares will be issued at a premium. The shares will have a lock up period of one year. The shares will be issued through third party allotment method. Post the closing, the number of shares will increase from 26,412,536 to 29,908,224. The payment date is October 29, 2018. The transaction has been approved by the board of directors of the company.