[South Korean SKC seeks to sell polyurethane division SK Pucore] according to the Korean Daily Economic News, South Korean businessman Shengjing Chemical Co., Ltd. (SKC Co. Ltd.) is seeking to sell its polyurethane division SK Pucore to private equity Glenwood, a potential deal worth about 500 billion won. Recently, the two sides have signed a memorandum of understanding and an agreement is expected to be signed as soon as the due diligence is completed. Earlier, SKC sought to sell SK Pucore to lock in funds to support its plan to invest 1.8 trillion won in its chip and battery raw materials business.