On April 7, Korea Development Bank completed advisory and financial support for a cross-border M&A deal in which KOSDAQ-listed Nau IB Capital acquired 100 percent of the shares of Sun Fluoro System (SFSJ) in Japan.
SFSJ was founded in 1992 in Japan. It manufactures fluoroplastic lined containers for storing specialty chemicals required in the semiconductor manufacturing processes.
The company generates 85 percent of its sales in the semiconductor sector. It has branches in Korea, Taiwan, China and the United States.
The transaction size was approximately 255 billion won. KDB supported the deal through M&A advisory and financing arrangements, as well as loans and investments (including CB 30 billion in acquisition and acquisition financing support).
Amid an uncertain world trade environment these days, competition for global technological supremacy is heating up, mainly in high-tech industries such as semiconductors.
KDB has launched programs to support the semiconductor industry and core industries (AI, secondary batteries, bio-health products and services and displays) to help Korean companies secure and sharpen global competitiveness.
In the deal, KDB provided an optimal M&A structure that combines investment with a long-term perspective to stabilize the acquisition of a semiconductor-related overseas blue-chip material, parts and equipment companies.
100-Billion-Won Nuclear Power Industry Growth Fund
KDB posted a notice to select a master fund management company for the Nuclear Power Industry Growth Fund in accordance with the Nuclear Power Industry Growth Fund Creation Plan, which was announced at the 10th meeting of the Policy and Financial Support Council on March 26.
According to KDB on April 4, the project will create a fund worth 100 billion won — 70 billion won from the Korean government and 30 billion won from the private sector.
The fund will be specialized for the Korean nuclear power industry to sharpen the competitiveness of Korea’s nuclear power ecosystems and preemptively foster the small modular reactor (SMR) industry.
On April 2, KDB holds a special event for KDB V:Launch, “KDB V: Launch, CVC Special” at the NextONE Busan IR Center on April 2. Baek Joon-young, vice president of KDB, poses for a photo with Bang Eung-jin, director of KIAT and KIAT employees. (Photos: KDB)
KDB V: Launch, CVC Special in Busan
KDB announced on April 3 that it held “KDB V: Launch, CVC Special” at the NextONE Busan IR Center on April 2. CVC stands for corporate venture capital.
KDB V: Launch is Korea’s first regional specialized venture platform launched in May 2023 by KDB with the vision of boosting the value and success of innovative venture companies in the southeastern region of Korea.
It has been providing networking opportunities for innovative companies in the southeast region to attract investment and expand their business.
The platform was organized by KDB in collaboration with Korea Institute for Advancement of Technology (KIAT) and looks to connect CVC companies with local startups to support business cooperation and investment.
At the event, the KIAT introduced various support programs, including CVC alliance and investment-based R&D programs and Hyosung Ventures (the first CVC fund management company in Korea) shared best practices of and investment strategies for CVC open innovation.
In the startup IR session, Vazil (developing AI robotics solutions), Musma (developing IOT solutions for industrial sites) and SNvia (developing therapeutic polymer products) conducted IR shows for CVC companies and investors.
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