KOREA FUEL-TECH CORPORATION is a Korea-based company formed for the sole purpose of merging with existing companies. The Company focuses its search for target businesses in seven segments, such as renewable energy, carbon reduction technology, light emitting diode (LED) application, the convergence of advanced material and nanotechnology, information technology (IT) convergence system, robot application and biomedicine. On February 15, 2012, the Company completed the merger with Korea Fuel Tech Corporation, a Korea-based company mainly engaged in the automobile part manufacturing business. The Company changed its name to KOREA FUEL-TECH CORPORATION, on March 2, 2012.
(Source: ARS)