Kukil Paper to Pursue Name Change to 'SM Kukil'... "Strengthening SM Group Identity and Securing Growth Drivers"

Kukil Paper (078130), an affiliate of SM Group, plans to hold an extraordinary general meeting of shareholders in September to pursue a name change to 'SM Kukil.' The company aims to strengthen its identity as a group affiliate, advance its specialty paper business, and seek business diversification through mergers and acquisitions.

On August 18, Kukil Paper announced via a disclosure that it will hold an extraordinary general meeting of shareholders on September 2, where it will propose agenda items including the company name change and the appointment of a new inside director. If the proposed change is approved, the company’s current name, Kukil Paper, will be switched to 'SM Kukil.'

The planned renaming is intended to reinforce ties with SM Group and capitalize on the group’s management capabilities and network to secure new growth opportunities. In addition to enhancing the competitiveness of its existing specialty paper business, the company plans to identify and pursue high value-added growth sectors and diversify its revenue structure through mergers and acquisitions.

The candidate nominated for inside director is Jangsoon Ahn, former CEO of SM Heavy Industries. He has built a 37-year career in the financial investment sector and has served as an outside director at Meritz Asset Management, management advisor at SM Hi-Plus, and CEO of SM Heavy Industries.

Kukil Paper expects that Ahn's management expertise in both the financial and manufacturing industries, as well as his understanding of SM Group businesses, will help strengthen the company's decision-making system and increase business synergies between affiliates.

The company is also moving to expand its business scope within its mainstay specialty paper segment. Having specialized in manufacturing specialty and industrial papers, Kukil Paper has recently been broadening its range of industrial specialty paper products, including semiconductor carrier paper, steel surface protective paper (steel guard paper), and paper-based packaging materials.

Semiconductor carrier paper is used to package and transport small components during the manufacturing and assembly process for electronic parts. Kukil Paper produces this item by utilizing its thin paper manufacturing technology.

Steel guard paper is a specialty paper designed to prevent scratches or contamination on the surface of metals such as stainless steel, aluminum, hot-rolled, and cold-rolled steel sheets during processing, storage, or transportation. The company explained that by expanding its papermaking technology into advanced industries and eco-friendly material fields, it is gaining new demand sources.

Kukil Paper plans to use the upcoming extraordinary general meeting as an opportunity to further expand its business portfolio centered on specialty paper and industrial materials. In parallel, the company intends to accelerate the search for new business opportunities and speed up business diversification through mergers and acquisitions, leveraging the group’s network.

A Kukil Paper representative said, “This name change reflects a new identity as an SM Group affiliate, advances our existing specialty paper business, and is a step toward pursuing new business ventures. Based on Jangsoon Ahn’s management experience, we will work to stabilize management, strengthen decision-making capabilities, and enhance our growth foundation by uncovering new business opportunities.”

Kukil Paper’s strategy is to solidify its ties with SM Group through the transition to 'SM Kukil,' and to actively advance specialty paper and business diversification through mergers and acquisitions.

This content was produced with the assistance of AI translation services.