- CEO
- Se-Jun Kim
- Full Time Employees
- - -
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Seoul South Korea
- IPO Date
- Jul 4, 2025
- Business
- KB No.32 Special Purpose Acquisition Company (KRX: 0037T0) is a South Korea-based blank check company formed for the primary purpose of identifying, evaluating, structuring, and completing a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with an unlisted private enterprise. Sponsored and underwritten by KB Securities Co., Ltd., the company serves as a specialized public acquisition vehicle that provides growth-stage private companies with an alternative and streamlined gateway to listing on the KOSDAQ market. The company concentrates its acquisition strategy on high-potential enterprises operating within strategic future growth sectors, offering transaction structuring and capital access across target segments including: renewable energy generation and clean technology systems; biopharmaceuticals, biotechnology, and specialized medical device manufacturing; information technology (IT) convergence systems, advanced software, and intelligent robotics; light-emitting diode (LED) applications and high-tech optical components; green transportation systems, electric vehicle parts, and smart mobility platforms; carbon reduction and energy efficiency management solutions; advanced water treatment, environmental remediation, and resource recycling; smart green city infrastructure, urban engineering, and sustainable construction technologies; and broadcasting, telecommunications convergence, and digital media applications. Under its capital management structure, the company holds the majority of its public offering proceeds in secure trust and escrow accounts to ensure principal protection while its management team conducts target identification and transaction negotiation. Founded in March 2025 and headquartered in Seoul, South Korea, the company conducts its operations across the domestic South Korean market. In recent developments, KB No.32 Special Purpose Acquisition Company completed its initial public offering (IPO) and formally listed its shares on the KOSDAQ exchange in July 2025, raising gross proceeds of KRW 12.0 billion through the issuance of 6,000,000 common shares priced at KRW 2,000 per share, under the lead management of KB Securities Co., Ltd. Following its successful public debut, the company has been actively advancing its corporate development mandate, conducting target pipeline screening and initiating preliminary evaluations across eligible high-growth domestic corporations to execute a binding business combination agreement within its statutory 36-month investment timeframe.