- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Seoul South Korea
- IPO Date
- Jun 5, 2026
- Business
- Daishin Balance No. 20 Special Purpose Acquisition Co. is a South Korea-based blank check company established for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with an unlisted operating enterprise. Founded on November 7, 2025, and headquartered in Seoul, South Korea, the company operates within the diversified financial services and capital markets sector, sponsored and managed in association with Daishin Securities Co., Ltd. The firm concentrates its transaction origination and investment activities on acquiring privately held growth companies seeking admission to public capital markets via the KOSDAQ exchange.
The company does not engage in traditional commercial manufacturing or direct sales of physical merchandise; its primary business offerings and operational capabilities encompass specialized corporate combination mechanisms, including: public equity capital pooling and escrow trust management; initial public offering underwriting coordination; target enterprise screening, valuation, and transaction due diligence; reverse takeover and merger structuring; regulatory filing and KOSDAQ listing facilitation; and post-combination business integration services. The company focuses its acquisition search across targeted growth industries, comprising: renewable energy and carbon reduction technologies; biopharmaceuticals, biotechnology, and medical devices; secondary batteries and advanced energy storage systems; semiconductor manufacturing, IT hardware, and electronic communications; enterprise software, cloud infrastructure, and digital services; robotics and industrial automation systems; advanced materials and nanotechnology fusion; digital media, gaming, and entertainment content; green transportation systems; advanced water treatment solutions; and high-value food and agricultural technologies.
In recent developments, Daishin Balance No. 20 Special Purpose Acquisition Co. completed its initial public offering on the KOSDAQ market of the Korea Exchange under the ticker 0134X0 on June 5, 2026, raising gross proceeds of KRW 13.0 billion through the issuance of 6,500,000 common shares priced at KRW 2,000 per share, with Daishin Securities Co., Ltd. acting as the lead underwriter. Following the closing of its offering, the company deposited the net offering proceeds into protected trust accounts and actively commenced evaluation procedures and preliminary target screening to execute a qualifying statutory business combination within its regulatory three-year timeline.