SKC to Subscribe Additional KRW 92.1 Billion in Absolics' Paid-in Capital Increase... Accelerating Glass Substrate Business
Total Subscription Grows to KRW 373.1 Billion
Accelerating Two-Track Commercialization of Embedding and Non-Embedding Products
SKC is accelerating its investment in the glass substrate business by making an additional participation in the paid-in capital increase of its subsidiary, Absolics.
On September 22, SKC announced that it will subscribe to approximately KRW 92.1 billion worth of new shares in Absolics' paid-in capital increase. As a result, SKC's total subscription amount for Absolics will expand to around KRW 373.1 billion.
The capital for this additional subscription will be drawn from the funds SKC secured earlier this year, when the company raised about KRW 1.1671 trillion through a paid-in capital increase during the first half of 2026.
Of this amount, SKC has previously unveiled a blueprint to invest approximately KRW 590 billion intensively in the glass substrate business over the next three years. SKC plans to make this investment in stages, according to the progress of the business and achievement of key milestones.
Through this capital increase, Absolics has secured about KRW 400 billion, accelerating its two-track strategy to commercialize both 'embedding' and 'non-embedding' products simultaneously.
The embedding products have completed preliminary assessments of samples produced at the plant in Georgia, United States, and have now entered reliability testing. The non-embedding products are currently participating in the supplier selection process, with plans to launch a proof-of-concept (PoC) by the end of this year.
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An SKC spokesperson commented, “This additional investment is a decision to inject the necessary funds at the optimal time for the successful commercialization of the glass substrate business and to further solidify the foundation for pushing the business forward. We will ensure smooth customer certification and preparations for commercialization, striving to secure competitiveness in the next-generation AI semiconductor packaging market.”
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