Hana 31 Special Purpose Acquisition Company (469900.KQ) is a blank check company that focuses on effecting a merger, asset acquisition, share exchange, or similar business combination with one or more businesses. Formed in 2023 and headquartered in Seoul, South Korea, the company targets opportunities primarily in manufacturing; electricity, gas, steam and water utilities; sewage and waste treatment, raw material recycling and environmental restoration; construction; publishing, video, broadcasting, communication and information services; professional, scientific and technical services; business facility management and business support services; educational services; and health and social welfare services. It operates within the financial services sector as a special purpose acquisition vehicle listed on the KOSDAQ exchange, with no current operational products or services beyond its core merger-focused activities; its principal offerings center on providing a public market vehicle for private companies seeking to go public via business combination. As of late 2025, Hana 31 SPAC has not announced any merger targets, acquisitions, or de-SPAC transactions, remaining in the pre-deal phase following its 2024 initial public offering amid a broader resurgence in private equity-backed SPACs in South Korea.