Wonbang Tech Passes Preliminary Review for KOSDAQ Market Listing

[Asia Economy Reporter Koo Eun-mo] Wonbang Tech has entered the final stage of listing on the KOSDAQ market.

Wonbang Tech, a subsidiary of NVH Korea, announced on the 20th that it has received preliminary listing approval from the Korea Exchange. Earlier, the company submitted a preliminary review application for listing on the KOSDAQ market on February 12.

Founded in 1989, Wonbang Tech is a company that designs, manufactures, and constructs air conditioning facilities for cleanrooms and dry rooms. The cleanroom, Wonbang Tech's main business, is classified as an essential high-tech facility in industries where advanced technologies such as semiconductors and displays are utilized for product manufacturing. In particular, since the domestic cleanroom market is forming an oligopoly structure, companies that have secured the market are generating stable profits. Last year, the company recorded sales of 228.4 billion KRW and an operating profit of 19.3 billion KRW.

Wonbang Tech has built quality stability and technological competitiveness based on over 30 years of solid experience and know-how. Currently, it has secured major clients such as Samsung Electronics, Samsung Display, SK Hynix, and LG Display.

Wonbang Tech's core competitiveness can be summarized as ▲ on-time delivery and construction technology based on long experience and know-how ▲ profitability through efficient business process establishment ▲ growth potential through diversification of business portfolio.

In fact, Wonbang Tech is expected to further strengthen profitability by expanding its business areas not only in the semiconductor and display industries but also in the pharmaceutical, bio, and secondary battery industries by building total cleanroom engineering and construction solutions through new company acquisitions.

Through its subsidiary Opt, it is achieving sales growth in the bio cleanroom (GMP) business area necessary for the production of Advanced Therapy Medicinal Products (ATMP), and since last year, it has realized record-high sales by manufacturing and constructing dry rooms for secondary battery production, a future core business, through local subsidiaries in the United States and Europe this year.

Kim Kyu-beom, CEO of Wonbang Tech, said, “We plan to accelerate our global market expansion by advancing our business model and technological capabilities.”

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