YD Online Corp. (KOSDAQ:A052770) announced a private placement of 1,043,296 common shares at a price of KRW 3,384 for gross proceeds of KRW 3,999,996,864 on January 15, 2018. The transaction involved participation from existing investor Shinian Inc. The shares were issued at a premium through third party allotment method. The shares issued in the transaction are subject to a lockup period of one year. The transaction was approved by the board of directors of the company.