On May 13, 2026, SKC, a subsidiary of SK Group, announced its plan to issue 11.73 million new shares to raise KRW 1.17 trillion (approximately RMB 5.3 billion), with about KRW 589.6 billion to be invested in the glass substrate business, which will be executed by its subsidiary Absolix. Currently, Absolix has partnered with a U.S. semiconductor company to launch a new project, providing it with non-embedded glass substrate prototypes required for next-generation communication semiconductors.
