Korean factory automation parts maker WONST to go public next year

WONST, a Korean provider of production automation components, will go public with the goal of listing on the Kosdaq in the second half of 2023. WONST selected Shinhan Investment as its IPO lead manager. Founded in 1989, WONST manufactures linear motion guides and bearings, and recorded an operating profit of 3.5 billion won ($2.67 million) over sales of 51.4 billion won last year.

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