S Korean PE firm STIC said to invest $843m in electric foils maker Iljin

S Korean PE firm STIC said to invest $843m in electric foils maker Iljin

South Korean private equity firm STIC Investments is reportedly set to soutinvest 1 trillion won ($843 million) in electric foil manufacturer Iljin Materials as the latter seeks to expand its operation in Malaysia, the US and Europe.