IL, a new technology materials company, announced on the 9th that it has been selected for the "Global M&A Support Program" hosted by KOTRA (Korea Trade-Investment Promotion Agency), and has begun strategic steps toward securing a production base in the North American market. This selection is seen as official recognition by the government of IL's global scalability and technological competitiveness.
The Trump administration's high tariff policy and the strengthening of the reshoring policy for manufacturing are driving up export costs for companies with overseas production bases. Consequently, global companies are actively pursuing localization strategies to ensure supply chain stability, and IL plans to adopt the same strategy.
Through this support program, IL will receive strategic support from KOTRA throughout the entire process, from identifying promising M&A targets in North America, through due diligence, acquisition, and integration. Based on this support, IL plans to secure a local production base to minimize tariff risks and establish a stable supply chain for global clients, thereby simultaneously enhancing profitability and reliability.
Securing a North American production base is expected to directly contribute to IL's mid- to long-term sales growth and increased corporate value. It will also serve as a favorable foundation for establishing long-term partnerships with top-tier global customers. Through this strategic shift, IL aims to move beyond a simple export model and become a global materials company with a local production and supply base.
An IL official emphasized, “Based on KOTRA’s systematic support, we will expedite our North American localization strategy,” adding, “This M&A and establishment of a production base are essential strategies suited to the era of global supply chain reorganization, and will serve as a significant opportunity to lead to a reevaluation of IL’s corporate value.”
He added, “After completing the merger with Itronics, IL will seek to enter the North American autonomous mobility market by combining and expanding its silicon lens-based optical solutions with Itronics’ C-ITS (Cooperative Intelligent Transport Systems) and V2X (Vehicle-to-Everything) technologies.”
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