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홈 Communication PR
SKC to Merge with SK enpulse, Restructuring Toward a High-Value Semiconductor Back-End Business
Date Submitted 2025-10-16

● Merger targeted for completion within the year; expanding investments in advanced materials and testing solutions for high-value semiconductor back-end processes

​● ​Approximately KRW 380 billion in cash and other assets from SK enpulse to be transferred to SKC, bolstering the company’s financial position


SKC Co., Ltd. (CEO Woncheol Park) announced that it will merge with SK enpulse, a semiconductor materials company in which it has invested, as part of its ongoing portfolio rebalancing strategy.


The decision was approved at a board meeting held on October 14, and SKC aims to complete all merger procedures within this year.


Through this merger, SKC will secure approximately KRW 380 billion in funds, including SK enpulse’s cash holdings and proceeds from recent business divestitures. The funds will be used to invest in high-value semiconductor back-end packaging and advanced materials businesses—including the commercialization of glass substrates—as well as to reduce debt and strengthen the company’s financial position.


Since 2023, SKC has been actively promoting the rebalancing of its semiconductor materials business as part of its mid- to long-term portfolio restructuring strategy. The company has divested SK enpulse’s fine ceramics, wet chemical and cleaning, CMP pad, and blank mask businesses, while spinning off the back-end equipment division into a new company, I-Semi, and transferring it to ISC.


As a result, SKC’s semiconductor materials portfolio is now centered on ISC’s test sockets and equipment, and the glass substrate business of Absolix (currently being commercialized in Georgia, USA). Building on these two pillars, SKC plans to enhance its competitiveness in high-value back-end processes and expand its presence in advanced semiconductor materials.


An SKC official stated, “The divestiture of SK enpulse’s non-core businesses and the merger complete our transition toward a high-value, back-end-focused portfolio while also reinforcing our financial stability. We will leverage the secured funds to create new growth opportunities in the semiconductor back-end field.”


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