[Special Stock] Silicon Two, Attracting 144 Billion Won Investment, Rises Over 4%

The stock price of Silicon Two, which recently secured an investment worth 140 billion KRW, is on the rise.

As of 11:06 AM on the 24th, Silicon Two was trading at 35,250 KRW, up 1,450 KRW (4.29%) from the previous trading day.

Earlier, on the 21st, Silicon Two announced through a public disclosure that it had attracted an investment of 144 billion KRW from Glenwood Credit, a domestic credit private equity fund.

On the same day, Kwon Woo-jung, a researcher at Kyobo Securities, stated, "Silicon Two positively evaluated Glenwood Credit's extensive large corporate network capabilities and announced that they will continue collaboration with Glenwood to strengthen global competitiveness after the investment," adding, "It is known that Glenwood gave a positive evaluation of Silicon Two's unique K-beauty global distribution capabilities."

He also said, "Silicon Two is expected to further accelerate overseas expansion using this investment fund," and added, "Until last year, K-beauty grew mainly centered on the United States, but from this year, it is considered a period where regional expansion to the Middle East, Latin America, and Europe can be anticipated. In particular, since demand for K-beauty in the Middle East has been steadily rising even before the establishment of a branch office, active local responses are expected to accelerate exports."