New Kids On is showing strength on its first day of trading after being listed on the KOSDAQ market through a SPAC merger.

New Kids On operates a children's clothing brand and demonstrates strong performance of over 20% on the first day of its public listing./Courtesy of New Kids On

As of 9:33 a.m. on the 9th, New Kids On is trading at 14,410 won, up 2,430 won (20.28%) from the reference price of 11,980 won.

New Kids On is a children's clothing corporation established in 2013. It offers products utilizing global intellectual property (IP) characters such as Care Bears and Disney. Its subsidiary, Kedo Derma Lab, operates the vegan cosmetics brand "Orgabon."

New Kids On debuted on the KOSDAQ market through a merger with KB No.28 Special Purpose Acquisition Company and plans to use the secured funds to build a logistics center and venture into new businesses for infant and toddler products. The infant products business will be fully launched next year, with plans to release anti-reflux cushions, nap blankets, and baby carriers.