Valofe Co Ltd, formerly Kyobo 9 Special Purpose Acquisition Co is a Korea-based company formed for the sole purpose of merging with existing corporations. The Company focuses its merger targets in: new renewable energy industry; biomedicines resource and bio medical equipment industry; information technology (IT) fusion system industry; carbon reduction energy industry; light-emitting diode (LED) application industry; convergence of broadcastings and telecommunications industry; game and mobile industry; the convergence of advanced materials and nanotechnologies industry; high value-added food industry; electronic and communication industry; entertainment and content industry; software and service industry as well as other industries.