GOODPEOPLE Co., Ltd. (KOSDAQ:A033340) announced a private placement of 5,050,505 common shares at the price of KRW 990 per share for gross proceeds of KRW 4,999,999,950 on March 16, 2021. The transaction will include participation from Value Growth Private 1 Fund. The capital increase will be done through third party allocation. The face value of the shares would be KRW 500. The shares will be issued at 10% premium. The payment date would be April 5, 2021. The transaction has been approved by the board of directors of the company. The expected listing date would be April 16, 2021. The securities will be subject to lock up period of one year.