Open Korea

Korean Identities Beyond Borders

Clobot to list Kosdaq in October

in ,

South Korea’s robot software company Clobot said on Tuesday that it submitted a registration statement to the Financial Services Commission and has begun the formal procedures for listing on the Kosdaq market.

Established in 2017, Clobot develops and supplies software for service robots and has over 130 clients.

It is engaged in business collaborations with major projects involving Hyundai Motor and Boston Dynamics.

Clobot has secured cumulative investments totaling 32 billion won ($24 million) from Hyundai Motor Group’s ZER01NE, Naver D2SF, and Lotte Ventures.

Last year’s revenue was 24.2 billion won ($18.2 million), with an operating loss of 5.7 billion won ($4.3 million).

Clobot plans to offer a total of 3 million shares, with an expected offering price range of 9,400 – 10,900 won ($7.06 – 8.19), and a total offering amount of 28.2 – 32.7 billion won ($21.2 – 24.6 million).

Demand forecasting will take place from September 23 to 27, with the general subscription from October 2 to 4.

The listing is expected in October. Mirae Asset Securities is the lead underwriter.

By Joo-Wan Kim

kjwan@hankyung.com

Related Posts

Latest News from Korea

Latest Entertainment from Korea

Learn People & History of Korea

  • a drawing of a mountain with a house on it
    A Journey Through Time: The History of Korean Art
    Introduction to Korean Art Korean art, a vital reflection of the nation’s rich heritage and cultural evolution, holds a unique place within the broader tapestry of East Asian art forms. Distinguished by its innovative spirit and aesthetic principles, Korean art dates back thousands of years, offering insights into the historical context and socio-political dynamics of the region. As both a… Read more: A Journey Through Time: The History of Korean Art
  • A South Korean soldier forcibly cuts a young man’s hair in front of others during a nationwide crackdown on men with long hair and women wearing short skirts in South Korea – 1970s
    This was during the Fourth Republic of South Korea. The President Park Chung-hee was declared dictator of South Korea for 18 years until he was assassinated and replaced in a coup-de-etat for about 3 years. I’ll post some links about it: https://en.wikipedia.org/wiki/Fourth_Republic_of_Korea https://en.wikipedia.org/wiki/Park_Chung-hee https://en.wikipedia.org/wiki/Assassination_of_Park_Chung-hee submitted by /u/goodhot0006 [link] [comments]
  • Jeong Cheol
    Introduction to Jeong Cheol Jeong Cheol, a prominent figure in Korean history, emerged during the Joseon Dynasty, which lasted from 1392 to 1910. His life, spanning from 1536 to 1593, encapsulates an era rich in cultural and intellectual development. As a scholar, poet, and government official, Jeong Cheol’s influence was significant, embodying the complexities of Confucian philosophy and its application… Read more: Jeong Cheol
  • From War to Miracles: The Evolution of South Korea Amidst Global Struggles
    The End of the Korean War: A Historical Overview The Korean War, which began in 1950, was a significant conflict that arose from the geopolitical tensions following World War II. The war pitted North Korea, backed by the Soviet Union and China, against South Korea, supported by the United States and other United Nations member states. The culmination of this… Read more: From War to Miracles: The Evolution of South Korea Amidst Global Struggles
  • Lee Hwang
    Introduction to Lee Hwang Lee Hwang (퇴溪 李滉), regarded as one of Korea’s foremost Confucian scholars of the 16th century, made significant strides in the development of Confucian thought and education. Born in 1501, he emerged from a distinguished family in the region of Gyeonggi Province, an area where Confucianism was gaining prominence as a guiding ethical framework. His early… Read more: Lee Hwang