- Business
- KB No.28 Special Purpose Acquisition Company Co., Ltd. (476470.KQ) operates as a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it has no specific products or services beyond pursuing such transactions, with targeted sectors including new and renewable energy, biopharmaceuticals and medical devices, IT convergence systems, LED applications, green transportation, carbon reduction energy, advanced water treatment, high-tech green cities, broadcasting and communications convergence, robotics applications, new materials and nano-convergence, high-value foods, entertainment, automobile parts, IT and semiconductors, and software, gaming, and mobile; founded in 2024 and headquartered at 50 Yeouinaru-ro, Yeongdeungpo-gu, Seoul, South Korea, the company focuses on opportunities primarily within South Korea. In June 2025, KB No.28 completed a reverse merger acquisition by New Kids On Co., Ltd., a Seoul-based children's clothing distributor founded in 2013 that markets kids' apparel and related products through wholesale and retail channels in South Korea, with the transaction setting merger prices at KRW 10,915 per New Kids On share and KRW 2,000 per KB No.28 share under a 1:0.1832341 ratio, resulting in 8,125,049 total issued shares post-merger.