Seoul Credit Rating Inc. announced a private placement of 700,000 shares at KRW 7,500 per share for gross proceeds of KRW 5,250,000,000 on September 15, 2017. The shares have par value of KRW 5,000 and will be issued at premium. The shares will be subscribed by existing investor SCI Information Service Inc. (KOSDAQ:A036120).

The shares will be allotted through third party allotment method. The transaction is expected to be completed by September 27, 2017. The transaction has been approved by the board of directors of the investor.