"Trillion-Won Giants" Prepare for IPO: Seoul Robotics, CHAEVI Aim for Rapid Charging and Autonomous Driving Markets
Seoul Robotics, CHAEVI, and other "trillion-won giants" are preparing to go public, showcasing technologies and content capable of reshaping the future industries to attract investors.
At the "IPO Expo" held on the 10th at the Conrad Hotel in Yeouido, Seoul, hosted by the Korea Economic Daily, leading innovative companies from sectors such as electric vehicles, IT, materials, parts and equipment, and entertainment were in attendance. These companies plan to debut on the stock market starting next year.
Aiming for the Global Market
CHAEVI CEO Young-hoon Choi remarked, “While concerns about an electric vehicle (EV) market plateau exist, the EV era remains an inevitable future. After establishing a dominant position in Korea’s rapid-charging market, we aim to expand overseas.” CHAEVI currently operates over 5,500 rapid chargers and is the leading private operator in the rapid charging industry. The company is targeting a trillion-won valuation with its upcoming IPO. Choi emphasized, “Regardless of which battery or automaker wins the competition, EVs will charge at CHAEVI's rapid charging stations.”
Seoul Robotics CEO Hanbin Lee stated, “By utilizing infrastructure-based autonomous driving, we can significantly reduce labor costs by having completed vehicles autonomously move to logistics staging areas.”
Seoul Robotics has developed software that controls vehicles using LiDAR sensors—installed in surrounding infrastructure rather than individual cars—to send driving commands. This technology allows for autonomous driving even under severe weather conditions such as heavy snow or rain, eliminating the need for personnel to manually transport vehicles, thereby drastically cutting transportation costs.
Lee added, “We will expand our business to logistics centers, ports, and airports, becoming a unique leader in the global market, beyond just automobile production plants.”
Jae-woong Jung, CEO of ATTO Research, which provides cloud infrastructure and AI data center services, also announced plans to actively pursue global clients to expand its AI data center business.
Materials, Parts, and Equipment Firms Ready to Take Off
Companies specializing in materials, parts, and equipment are also gearing up for KOSDAQ listings. SBTL Advanced Materials, Wintec Glovis, Daejin Advanced Materials, Inodis, SDT, and Loud Corporation are among those preparing to go public.
SBTL Advanced Materials has developed exterior and structural materials that enhance battery safety. CEO Sang-wook Chun explained, “With the growing demand for high-capacity and rapid charging, battery fires are becoming more frequent. There is increasing demand for battery structures utilizing high-temperature-resistant pouches and thermal runaway prevention materials.”
Wintec Glovis CEO Sang-hoon Lee said, “The global activated carbon market is expected to grow from 5 trillion KRW in 2020 to 11 trillion KRW by 2028. We aim to enter the activated carbon markets of six countries, including the U.S. and Saudi Arabia.” The company has developed technology to regenerate activated carbon using overheated steam. Activated carbon, known for its ability to absorb and remove harmful organic substances, is widely used in wastewater treatment.
Daejin Advanced Materials CEO Sung-jun Yoo highlighted the growth potential of the composite materials market for electric vehicles. Inodis CEO Hae-shin Park shared strategies for localizing intermediate materials used in display and semiconductor fields.
SDT CEO Ji-won Yoon introduced strategies to monetize quantum technology, a concept unfamiliar to the general public, while Loud Corporation CEO Kyung-jong Seo outlined the growth prospects of the e-sports industry.
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