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🇰🇷 South Korea /Technology

SKC invests 281 billion won in Absolics to speed up glass-substrate commercialization

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data New plan
  • SKC’s board approved a cash investment of about 281 billion won in Absolics through a shareholder-allocation rights offering.
  • The investment supports SKC’s effort to commercialize semiconductor glass substrates and compete in next-generation packaging.
  • SKC plans to acquire 192,416 newly issued shares based on its 70.05% stake.

SKC is putting 281 billion won into Absolics as it pushes to bring semiconductor glass substrates to market faster.

The South Korean company’s board approved the cash investment on the fourth through Absolics’ shareholder-allocation rights offering. SKC will acquire 192,416 newly issued shares, matching its 70.05% ownership stake.

The move is aimed at accelerating product commercialization and helping SKC secure an early position in the next-generation packaging market.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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