Hanmi Semiconductor Ends Imported Car Business... Real Estate Sale Profit of 33.2 Billion Won

[Asia Economy Reporter Park Hyungsoo] Hanmi Semiconductor announced on the 5th that it sold real estate in Seocho-dong, which its affiliate had used as an imported car showroom, for 15.7 billion KRW.

Hanmi Semiconductor ended its imported car business, which was conducted from 2005 to 2018. By selling the real estate invested for the imported car business, a total capital gain of approximately 33.2 billion KRW was generated. The rate of return was about 56%.

Founded in 1980, Hanmi Semiconductor celebrated its 40th anniversary this year. In the third quarter of this year, Hanmi Semiconductor recorded sales of 77.9 billion KRW, operating profit of 24.9 billion KRW, and an operating profit margin of 32%. It achieved the highest quarterly performance since its founding. Equipment with the world's number one market share, such as Vision Placement and EMI Shield, continues to generate steady sales. Demand for semiconductors is increasing globally in areas such as cloud data centers, 5G, autonomous vehicles, and AI. Sales are expected to continue to grow after the fourth quarter of this year.

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