Kim Seong-han, CEO of JNTC, "We Will Become No.1 in the 3D Cover Glass Market"

On the 20th, Kim Seong-han, CEO of JNTC, attended an IPO press conference held in Yeouido, Seoul, and stated, "We will grow into a global number one technology-leading company representing South Korea in the era of 5G commercialization and the Fourth Industrial Revolution."
[Photo by IR Qudes]

[Asia Economy Reporter Minji Lee] JNTC has declared its determination to become the global No.1 company in 3D cover glass. JNTC, a manufacturer of smartphone 3D cover glass and connectors, is preparing for its KOSDAQ listing in March.

On the 20th, Kim Seong-han, CEO of JNTC, attended an IPO press conference held in Yeouido, Seoul, and said, “We are leading global innovation in 3D cover glass through continuous technological development,” adding, “With the commercialization of 5G and the era of the 4th Industrial Revolution, we will grow into a global No.1 technology-leading company representing South Korea.”

JNTC’s main products are high-performance connectors applied to smartphones and 3D cover glass that determines smartphone design differentiation. The company was the first in the world to mass-produce 3D cover glass in 2014. Currently, it has secured major display makers (Samsung Display, LG Display, BOE, etc.) as clients.

CEO Kim said, “Following the optimization of production processes through in-house core equipment and automation, we established a Vietnamese subsidiary (JNTC Vina) with high productivity and yield,” adding, “With a monthly production capacity of 5 million units, we have competitiveness in responding to large-scale orders from each client.”

JNTC’s cumulative sales for the third quarter of last year reached 224.9 billion KRW, a 32.5% increase compared to the same period last year. Operating profit was 32.6 billion KRW, surpassing the full-year 2018 performance of 25.5 billion KRW. Net profit recorded 37 billion KRW, a 129.8% increase compared to the same period last year.

The company plans to accelerate its entry into the automotive display market this year. It aims to accelerate sustainable growth by entering the future display market. CEO Kim said, “With the commercialization of 5G and the 4th Industrial Revolution, the era of autonomous driving is coming, and as in-vehicle infotainment is expected to be strengthened, the market for automotive 3D cover glass will grow rapidly.”

Additionally, the company has been supplying keyless cover glass commercialized last year with proprietary technology. As 5G commercialization expands services worldwide, demand is increasing, and its contribution to sales is expected to grow further. Furthermore, this year, the company plans to enter the foldable cover glass market by securing advanced thin glass technology.

For this listing, JNTC is offering a total of 11 million shares. The desired offering price band is 8,500 to 10,500 KRW. The final offering price will be determined through a two-day demand forecast conducted from the 19th to today. Subscription will take place on the 24th and 25th. The listing date is the 4th of next month. Shinhan Investment Corp. and Eugene Investment & Securities are jointly managing the listing.

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