메뉴 바로가기 본문 바로가기(skip to content)
search

PR

홈 Communication PR
SKC Raises 1 Trillion Won to Secure Future Growth Engines... A Bold Move to Dominate the Glass Substrate Market
Date Submitted 2026-02-26

● Resolves a rights issue of approximately 1 trillion won... Largest shareholder SK Inc. announces active participation.​

●​ Approximately 590 billion won allocated to 'Absolics' product development... Reflects strong commitment to accelerating the business.

●​ Approximately 410 billion won to be utilized for debt repayment... "Securing future growth engines while strengthening internal stability."


SKC is embarking on a large-scale fundraising initiative to accelerate the growth of its future businesses and strengthen its financial soundness.


On the 26th, SKC announced that its board of directors held a meeting and resolved on a rights issue of approximately 1 trillion won. Through this, SKC plans to enhance its execution capabilities in the next-generation materials business, such as glass substrates, and simultaneously improve its financial structure to leap forward as a global advanced materials company. On the same day, the largest shareholder, SK Inc. (40.64% stake), also announced its participation in an oversubscription (120% of its allocated shares), citing the strong growth potential of SKC’s semiconductor materials business.

The rights issue will be conducted through a shareholder allocation followed by a general public offering of forfeited shares. The record date for the allotment of new shares is April 7, and the subscription period for existing shareholders will take place over two days starting May 14. The issue price is expected to be finalized in mid-May.

Around 60% of the funds secured through this rights issue, amounting to approximately 590 billion won, will be invested in product development at Absolics, SKC’s glass substrate investment company. Recently, Absolics has made meaningful progress in product development for global Big Tech clients. Under the leadership of the new CEO Kang Ji-ho, a former Intel and SK Hynix executive, the company is focusing on strengthening its execution capabilities by consolidating the expertise of professional engineers.

Moving forward, Absolics plans to implement a "Two-Track" strategy to achieve timely market entry, simultaneously developing the "Embedding" method—a high-end product for AI data centers—and the "Non-Embedding" method, which allows for faster commercialization. Furthermore, the company aims to solidify its technological superiority by building an ecosystem with various stakeholders and partners.

The remaining amount of approximately 410 billion won will be used to repay borrowings to enhance financial soundness. The company plans to prioritize repaying maturing debts to reduce financial costs and improve its debt-to-equity ratio. In fact, following this rights issue, SKC’s debt ratio is projected to drop significantly from approximately 230% at the end of 2025 to the low 140% range.
With a more robust financial foundation, coupled with a recovery in its core copper foil business and strong performance in the semiconductor materials sector, SKC's fundamentals are expected to be further strengthened.

In particular, ISC, which achieved record-high earnings last year driven by expanded sales of products for AI data centers, is expected to continue its high growth this year on the back of the booming semiconductor demand. In addition, SK nexilis is attempting a rebound through cost structure improvements centered on its Malaysian operations and the expansion of Energy Storage System (ESS) demand in North America.

An SKC official stated, "This rights issue is designed to support the definitive growth of future businesses, including semiconductor materials, and to build a solid foundation for the company. By utilizing the secured resources, we will accelerate the growth of Absolics and make our utmost efforts to enhance shareholder and corporate value." [End]​​



List