KoAsia Reports 499.1 Billion KRW Revenue Last Year, Up 14% YoY: "System Semiconductor Sales Begin"

[Asia Economy Reporter Hyunseok Yoo] CoAsia announced on the 10th that it achieved sales of 499.1 billion KRW last year, a 14% increase compared to the previous year. During the same period, the operating loss was 4.3 billion KRW, and the net loss was 9.4 billion KRW.

The company stated, "Despite the uncertainties caused by the COVID-19 shock last year, the IT components (audio, LED, camera module) business division recorded a profit," and added, "The system semiconductor business division recorded sales of 7.5 billion KRW within three quarters in its first year of operation."

They continued, "This year, growth in performance is expected across each business division," emphasizing, "Expansion of the eco-friendly automotive communication LED business, strengthening competitiveness in the camera module business, and an increase in turnkey project orders in the system semiconductor sector will drive performance growth."

Meanwhile, CoAsia is focusing on nurturing new businesses in the system semiconductor design field based on stable cash flow from its IT business division. The total number of engineers in the recently formed CoAsia alliance is expected to reach approximately 700 this year.

Currently, CoAsia is conducting projects with numerous global clients based on the extensive sales capabilities of its parent company, Taiwan CoAsia Electronics (CoAsia Elec.). From this year, turnkey project orders are expected to gain significant momentum.

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