SK on logo [Courtesy of SK on]South Korean battery-related companies are gaining interest from local and foreign investors as global demand for electric vehicles are expected to grow.SK on Co., the world's fifth-biggest battery maker, plans to raise 500 billion won ($377 million) from domestic institutions by the end of this month, according to the investment banking industry on Thursday. A consortium of Korea Investment Private Equity and EastBridge Partners - two domestic private equity funds that invested about 800 billion won in SK on last year - decided to invest an additional 500 billion won and is in the process of raising the fund.

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