Tritonix.ai

News / Korea / yonhap_finance

Duksung to Invest 10.7 Billion KRW in Indonesian Subsidiary for Facility Expansion

Process Industries · Textiles · yonhap_finance · 2026-09-09

004830

KOSPI-listed Duksung announced a 10.7 billion KRW capital injection into its Indonesian synthetic leather subsidiary to secure full ownership and boost production.

What Happened

Investment Details: Duksung, a KOSPI-listed company, has announced plans to acquire an additional 140,000 shares of its Indonesian synthetic leather manufacturing subsidiary, PT.DUKSUNG ECOTECH INDONESIA, for approximately 10.7 billion KRW. This transaction will result in Duksung owning 100% of the subsidiary's equity.

Strategic Objective: The primary purpose of this capital injection is to fund the expansion of synthetic leather manufacturing facilities. The company aims to strengthen its production capacity and operational efficiency through this investment.

Timeline: The acquisition of the shares is scheduled to be completed by March 31 of next year. This move is part of the company's broader strategy to enhance its manufacturing footprint in the region.

Company Context: Duksung specializes in the production and sale of synthetic leather products. This investment reflects the company's ongoing commitment to scaling its international operations and securing long-term growth.

Read original

More in Process Industries

Everlight Chemical Reports 33% Revenue Growth in August Driven by Electronic Chemicals

Process Industries · economic_daily · 2026-09-09

Everlight Chemical's August revenue surged 33.2% year-over-year, fueled by an 86% jump in its electronic chemicals segment, now the company's second-largest business unit.

1711

Sheng Yueh (1340) August Revenue Jumps 114% Year-over-Year

Process Industries · cnyes · 2026-09-09

Sheng Yueh (1340) reported August revenue of NT$7.12 million, a 114.24% increase from last year, with cumulative year-to-date growth hitting 44.3%.

1340

Nan Pao August Revenue Climbs 14% to Record High for the Period

Process Industries · economic_daily · 2026-09-08

Adhesive manufacturer Nan Pao reported a 14.2% year-on-year revenue increase in August, reaching a record high for the period as it eyes full-year growth.

4766

Latest in Korea

Yuil Robotics Shares Surge Over 10% in After-Hours Trading

Electronic Technology · yonhap_finance · 2026-09-09

KOSDAQ-listed Yuil Robotics saw its stock price jump by more than 10% during after-hours trading following the close of the regular market session.

388720

SK Hynix Closes 3.5% Higher While Samsung Electronics Stagnates

Electronic Technology · yonhap_finance · 2026-09-09

SK Hynix rallied over 3.5% on the back of strong semiconductor sector performance, while Samsung Electronics gave up its gains to finish flat.

000660, 005930

Samsung Securities Approved as 8th Issuer of Promissory Notes

Finance · yonhap_finance · 2026-09-09

The Financial Services Commission has officially approved Samsung Securities to enter the promissory note business, making it the eighth firm to do so.

Foreign Exchange Rates for September 9th (as of 15:30)

yonhap_finance · 2026-09-09

The official foreign exchange reference rates for major currencies as of 3:30 PM on September 9th, provided by Seoul Foreign Exchange Brokerage.