Semiconlight and Jake Creation Join Hands... Full-Scale Expansion of Jeju-Sourced Bottled Water Business

Application of Technologies Including Ultraviolet Sterilization in the Production Process of Bottled Water Using Jeju Lava Seawater

[Asia Economy Reporter Minwoo Lee] Semiconlight, which possesses core technology in micro light-emitting diodes (LEDs), has partnered with Jake Creation, a Jeju lava seawater specialist company. They plan to apply ultraviolet (UV) LED technology to the bottled water production process and actively expand the bottled water business based on Jeju lava water.

Semiconlight announced on the 3rd that it signed a memorandum of understanding (MOU) with Jake Creation regarding this collaboration. Additionally, Health Namnyeo Jeju, a subsidiary established by Semiconlight on the 22nd of last month, is expected to secure Jake Creation’s Jeju lava water-based bottled water production plant through an asset transfer agreement in the future.

Through this, Health Namnyeo Jeju aims to secure a leading position in the bottled water market with Jake Creation’s main products such as 'Jeju Hallasu,' 'Jeju Lava,' and 'Jeju Yongamsu.' In particular, since only a very limited number of companies can manufacture and distribute Jeju lava seawater, they plan to differentiate themselves by enhancing sterilization to 99.9% and purification functions using UV LED technology.

A Semiconlight official stated, "The shareholding ratio of Health Namnyeo Jeju has been tentatively agreed upon as 60:40 between Semiconlight and Jake Creation, respectively, and it is expected to transition into a joint venture in the future," adding, "Through this, Semiconlight will expand its business to general consumers and secure a stable source of cash flow and new growth engines."

This content was produced with the assistance of AI translation services.