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Finance

Nexthrus raises 3.8 billion won from KT, LGU+ and Certik as strategic shareholders

Nexthrus is bringing in KT, LG Uplus and Certik as new shareholders, expanding its telecommunications and security partnerships into an equity relationship. The company disclosed it decided at a board meeting on Sept. 10 to carry out a third-party allocation paid-in capital increase targeting the three firms. It plans to issue 2,151,443 new shares, raising about 3.8 billion won. Payment is due on Sept. 18 and the shares will be locked up for 1 year.

Science & Technology

Govt-funded research institutes to reorganise around core missions after PBS abolition

South Korea\'s government-funded science and technology research institutes will overhaul their R&D business structures around institution-specific core missions after the abolition of the project-based system (PBS). Incentives such as research allowances will shift from contract scale to differentiated rewards based on performance. The Ministry of Science and ICT said NST approved detailed post-PBS implementation measures, including stronger inter-institute cooperation, evaluation links to budgets and incentives, improved research administration support, and a formal umbrella TLO to back large technology transfers and deep-tech startups.

Finance

SOOP to cancel 18.9 billion won of treasury shares, 2.7 percent of shares outstanding

SOOP will cancel treasury shares equivalent to about 2.7 percent of its total shares outstanding. The company said its board on Sept. 4 decided to cancel 306,375 common shares it holds. The planned cancellation amount is about 18.9 billion won based on book value, with the cancellation scheduled for Sept. 10. SOOP said the move will not reduce its capital stock and is part of previously flagged plans to use its treasury shares.