Seojin Automotive Co., Ltd. is a Korea-based company formed for the sole purpose of merging with existing companies. It focuses its search for target businesses in nine segments, such as renewable energies, light emitting diode (LED) applications, green transportation systems, broadcastings and telecommunications, information technology (IT) convergence systems, robot applications, the convergence of advanced materials and nanotechnologies, global education services and cultural contents and software. On April 3, 2012, it merged with Seojin Automotive Co., Ltd., mainly engaged in the manufacturing of automobile transmission parts, bearings, flywheels and other parts. After the merger, the Company survived and Seojin Automotive Co., Ltd. was dissolved. On April 19, 2012, the Company changed its name to Seojin Automotive Co.,Ltd. from Shinhan 1st Special Purpose Acquisition Company LTD