Value able Co., Ltd announced a private placement of 70,000 common shares at a price of KRW 5,000 for gross proceeds of KRW 350,000,000 on December 16, 2020. The transaction will include participation from returning investor System Location Co.,Ltd. (JASDAQ:2480). The securities are issued using third party allotment method. Post transaction the company's capital will be 10% or more. The transaction expected to close on December 25, 2020.