What it is
A SPAC raises money through an IPO and lists with a single business: finding and merging with an unlisted company within a set period. After the merger, the target becomes the listed company, giving it a route to the market.
As an IPO in Korea
Korean SPACs are usually offered at KRW 2,000 per share, and most of the proceeds are held in trust with an outside institution. If no merger is completed within the deadline (typically three years), the SPAC dissolves and returns the trust money to shareholders, which is why losses near the offer price are seen as relatively limited.
What to keep in mind
SPAC shares can swing far from the offer price on merger rumors, and buyers who pay well above the offer price can lose money even if the trust is returned. Once a target is announced, check the merger ratio and the target company's financials in the filing.
See related filings and news data →
This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.