Korea PIM announced on the 4th that it will be listed on the KOSDAQ market. The listing ceremony was attended by CEO Song Jun-ho, executives and staff of Korea PIM, and key officials from the lead manager IBK Investment & Securities.
Korea PIM was established in 2001 and is a company with MIM technology capable of manufacturing ultra-precision materials. It has secured global automotive electronics, information technology (IT), and autonomous driving companies as its clients, including BorgWarner, IHI, Samsung Electronics, and LG Innotek, and has built a stable performance foundation. In particular, Korea PIM maintains an export ratio of over 40%, which is an important factor in continuing export-centered growth based on trust from global clients.
Based on the stable performance of its core business, the company is pursuing business diversification through continuous research and development (R&D). In particular, it plans to begin new business performance in the IT and autonomous driving fields in earnest this year, and is planning to mass-produce new products within the year. The company plans to accelerate performance growth based on new business products with high profit margins.
The funds from this listing will be used to expand the scope of application of MIM technology to humanoid robots and new titanium material businesses. Korea PIM has secured titanium-based MIM technology and is focusing on developing reducer materials, which are key components of humanoid robots.
A Korea PIM official said, “Since our establishment, we have established ourselves as the number one company in the domestic MIM field through continuous R&D,” and “In line with the increasing demand for ultra-precision materials in cutting-edge industries such as humanoid robots and aerospace, we will use this listing as an opportunity to accelerate technological advancement and leap forward as the global No. 1 MIM company.”
He also emphasized, “Starting with the KOSDAQ listing, we plan to establish a domestic titanium material manufacturing line and IT/autonomous driving mass production facilities, and increase the IT-only production line at our Vietnam plant,” and “Based on our differentiated technological prowess, we will achieve both sales and profit growth through business diversification into high value-added industries.”
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