STIC Investments

STIC Investments is an investment firm based in Seoul, Korea, founded in 1999. It engages in private equity and venture capital activity, including management buyouts, acquisitions, restructurings, replacement capital, turnaround deals, and public-to-private transactions, with a focus on technology and a broad mix of sectors such as ICT, industrials, business services, biology, healthcare, consumer, consumer technology, games, and entertainment. The firm seeks to support promising businesses and drive growth across Asia, aiming to foster growth and prosperity in regional economies.

Jong Ha Bae

Operating Partner

Jinsoo Bae

Principal, Private Equity

Andy Chang

Managing Partner, Head of Greater China Team and Greater China / Partners Committee Member

Se-Ho Chang

Managing Director, Private Equity

Jason Cho

Managing Partner, Head of Singapore and Private Equity / Partners Committee Member

Past deals in South Korea

Nox

Acquisition in 2024
Nox is a luxury vinyl tile manufacturer based in Seoul, South Korea, specializing in the design and production of eco-friendly vinyl, wood, and ceramic floor tiles. The company employs innovative technology and a rigorous quality control process to create non-adhesive flooring options in various colors and patterns, ensuring high standards and minimal defects. With a strong foundation in chemical engineering, Nox aims to be a premier manufacturer in the industry, developing products for companies that seek to leverage private label or established brand recognition.

Musicow

Venture Round in 2023
Musicow, Inc. is a company based in Seoul, South Korea, that operates an online platform facilitating the investment in music copyrights. Founded in 2017, Musicow allows musical artists to share their copyright with fans, enabling fans to invest in K-Pop songs through a public auction or an online marketplace. The platform offers users the ability to buy and sell fractional ownership of music rights, thereby creating opportunities for fans and investors to earn royalties based on the streaming and usage of the songs. Additionally, Musicow features a secondary marketplace for music copyright trading and project financing, enhancing participation in the music industry and allowing for potential returns on investments.

Musicow

Private Equity Round in 2022
Musicow, Inc. is a company based in Seoul, South Korea, that operates an online platform facilitating the investment in music copyrights. Founded in 2017, Musicow allows musical artists to share their copyright with fans, enabling fans to invest in K-Pop songs through a public auction or an online marketplace. The platform offers users the ability to buy and sell fractional ownership of music rights, thereby creating opportunities for fans and investors to earn royalties based on the streaming and usage of the songs. Additionally, Musicow features a secondary marketplace for music copyright trading and project financing, enhancing participation in the music industry and allowing for potential returns on investments.

RSQUARE

Series C in 2021
Rsquare is a real estate startup founded by a group of Harvard graduates, specializing in providing brokerage services in South Korea. The company offers a comprehensive directory listing platform that enables users to search for vacant office spaces across various localities. In addition to helping clients locate commercial properties, Rsquare also provides support with interior design and office furniture, ensuring a seamless transition for businesses seeking new office environments. Through its services, Rsquare aims to make the process of finding and setting up office spaces more efficient and cost-effective for its users.

Lotte Energy Materials

Post in 2019
Lotte Energy Materials Corp is a South Korea-based manufacturer specializing in thin copper foils, referred to as elecfoil, which are essential components in printed circuit boards for electronic devices. The company is renowned for its commitment to high-quality production and significant export sales. In addition to elecfoil, Lotte Energy Materials offers a diverse product portfolio that includes industrial diamonds, components for rechargeable batteries, touch screen panels, seamless steel tubes, extra-high voltage cables, heavy electric machines, ultrasonic medical devices, and LED lighting. This broad range of products highlights the company's strategic focus on advanced materials for various high-tech applications.

Sparkplus

Series A in 2018
SparkPlus is a South Korean company founded in 2016 that specializes in designing and managing real estate contracts, interior design, construction, and furniture arrangements for office spaces. The company operates coworking spaces aimed at businesses facing challenges with their office environments. By providing comprehensive solutions to corporate office issues, SparkPlus enables clients to focus on their core activities without the distractions of managing office-related problems. The firm's services are tailored to create functional and efficient workspaces that enhance productivity and business growth.

CammSys

Private Equity Round in 2018
CammSys manufactures and sells semiconductor equipment and camera modules primarily for mobile phones. Additionally, it engages in the development and production of biosensor modules for Internet of Things (IoT) devices and wearable products.

UlalaLAB

Series A in 2018
UlalaLAB is a South Korean company that develops and operates a software-as-a-service platform for small and medium-sized manufacturers, combining IIoT devices, cloud analytics and machine learning to digitize production. The platform collects data from sensors across existing and new equipment, enables remote monitoring, real-time dashboards and on-time notifications, and uses long short-term memory networks to model time-series patterns for detecting anomalies and improving quality control. Through plug-and-play IoT devices and a cloud-based data layer, UlalaLAB helps SMEs and larger manufacturers gain instant access to operational data, enabling informed decision-making without disrupting existing lines. Founded in 2011 and headquartered in Anyang-si, South Korea.

HK inno.N

Private Equity Round in 2018
HK Inno.N Corporation is a South Korean company founded in 2014 and headquartered in Seoul. The company specializes in the development and sale of pharmaceutical products, including immune anticancer drugs, treatments for blood diseases, and therapies for kidney diseases. HK Inno.N has established a strategic partnership with CJ HealthCare Corporation to enhance its research and development capabilities. As of 2018, HK Inno.N operates as a subsidiary of CKM Co., Ltd., focusing on advancing innovative therapies to address various health challenges.

Wadiz

Series B in 2017
Founded in 2012, Wadiz is a South Korean crowdfunding platform headquartered in Seongnam. It facilitates venture capital, equity, and product crowdfunding across various industries.

Hanwha Systems

Private Equity Round in 2017
Hanwha Systems Co., Ltd. is a South Korean company specializing in defense products and technologies. Established in 1978 and headquartered in Seoul, the company provides a wide range of solutions, including land systems for command, control, and communication, reconnaissance, and surface-to-air missile defense. Its naval systems encompass combat management, underwater surveillance, and unmanned systems. In the aerospace sector, Hanwha Systems develops fixed and rotary wing aircraft, unmanned systems, and satellite technologies. Additionally, the company offers IT services such as system integration and cloud management. Formerly known as Hanwa Thales Co., Ltd., Hanwha Systems has evolved to leverage advanced information and communication technology, positioning itself as a leader in the defense electronics industry while also catering to sectors such as finance, manufacturing, construction, and services.

Median Diagnostics

Private Equity Round in 2015
Median Diagnostics Inc. is a South Korean company specializing in the manufacture and sale of diagnostic drugs for animals. Founded in 1999 and headquartered in Chuncheon, the company offers a comprehensive range of diagnostic solutions aimed at monitoring and diagnosing various diseases affecting livestock and companion animals. Its product portfolio includes ELISA diagnostic products, rapid test kits, molecular diagnostic tools, and biologicals, catering to diseases such as foot-and-mouth disease, swine fever, avian influenza, and other infectious and metabolic diseases. Formerly known as Jeno Biotech Inc., the company rebranded as Median Diagnostics Inc. in July 2017, reflecting its focus on innovative veterinary diagnostics and solutions.

UBCare

Private Equity Round in 2015
UBCare is a South Korea-based healthcare technology company that delivers integrated information solutions and health management services. It provides healthcare solutions across divisions including electronic medical record (EMR) systems, distribution, pharmaceutical data, and manufacturing, enabling healthcare providers and pharmaceutical operations with data-driven tools and services.

Enuri

Private Equity Round in 2006
Enuri is a price comparison company based in South Korea.

YG Entertainment

Venture Round in 2006
YG Entertainment Inc. is a South Korean talent development and production company founded in 1996 by Yang Hyun Suk. Originally named Hyun Entertainment, it rebranded to YG Entertainment in April 2001. The company has played a significant role in popularizing hip-hop music in Korea and has been the launching pad for numerous successful artists, including BIGBANG and 2NE1, as well as earlier acts like JINUSEAN and 1TYM. YG Entertainment not only focuses on music but also provides content services and manages a diverse roster of artists and actors, fostering a collaborative environment that encourages the exchange of ideas in music, fashion, art, and culture. The company's unique approach has made it a prominent figure in the South Korean entertainment industry.

SoftonNet

Series B in 2001
SOFTonNET Inc. is a provider of virtualization and cloud computing solutions, serving enterprises, universities, and government offices primarily in the United States and East Asia. Established in 1999 and headquartered in San Jose, California, with additional offices in Seoul and Tokyo, the company offers a range of products that include Z!BootOS for disk virtualization, Z!Stream for application virtualization, Z!Desktop for virtual desktops, Z!Storage for high-performance storage solutions, Z!Pack for portable application virtualization, and ezsComm for interactive lectures. SOFTonNET's technology is designed to reduce operating costs and enhance productivity by enabling organizations to operate software applications on a virtual layer without the need for installation. Its innovative approach includes patented on-demand streaming technology, offering a comprehensive cloud computing environment tailored for various organizational needs.
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