Global Tax Free Co., Ltd. (KOSDAQ:A204620) announced a private placement of 1,247,323 shares of face value of KRW 500 each at a price of KRW 2,806 for gross proceeds of KRW 3,499,988,338 on February 26, 2020. The company raised funding though third party allocation increase. Ha-kyung Kim will acquire 712,758 shares, Yang Geun Moon will acquire 356,379 shares, Dae-yong Jang will acquire 71,275 shares, Jong Wook Moon will acquire 35,637 shares, Jong Hee Han will acquire 35,637 shares, and Jae-chul Lee will acquire 35,637 shares. The transaction is expected to close on March 8, 2021.