| Mobile Web

SKC to inject 281 billion won into Absolics to speed glass substrate commercialisation

SKC said on Thursday its board approved a 281 billion won cash investment in Absolics by participating in a shareholder rights offering. SKC will acquire 192,416 new shares allocated in line with its 70.05 percent stake. The investment follows SKC’s 1.17 trillion won rights issue in the first half of this year, when it said it would invest 590 billion won over three years in its glass substrate business.