KoAsia Registers New Engineer at C&CI Partners... "Focusing on Expanding Korea Foundry Ecosystem"

[Asia Economy Reporter Hyunseok Yoo] Korea Asia, a system semiconductor design solution specialist company, announced on the 22nd that its subsidiary C&CI Partners has been officially registered as a New Technology Business Finance Company (hereinafter referred to as "New Tech Finance Company") by the Financial Supervisory Service.

The company stated, "The official registration as a New Tech Finance Company is seen as a positive evaluation reflecting the expectation of specialized capabilities to expand the domestic system semiconductor ecosystem and foster K-semiconductors," adding, "Although the 10 months taken from the company's establishment to the registration as a New Tech Finance Company is not short, considering the recently tightened registration standards, this is a successful outcome."

They continued, "Based on Korea Asia Group's corporate-led fund formation and anchor investor role, we expect to have competitiveness in leading the Korean system semiconductor ecosystem."

The overall investment at C&CI Partners is led by CEO Hoonshik Kang. He is an expert in the field with about 20 years of investment management experience in the Yeouido financial sector, including Hanwha Asset Management. He officially joined Korea Asia Group last year.

Korea Asia plans to focus on incubating technology-capable system semiconductor startups centered on C&CI Partners. In particular, they plan to concentrate investment capabilities on companies equipped with ▲ system semiconductor design (RTL) capabilities ▲ high-level talent ▲ core IP (intellectual property) solutions ▲ chip (SoC) design expertise.

A Korea Asia official said, "We are actively considering M&A (mergers and acquisitions) at the group level targeting companies that can create synergy with Korea Asia's system semiconductor business division," adding, "Korea Asia Group will play a leading role in expanding the Korean foundry ecosystem and leading the K-chip era."

Meanwhile, Korea Asia is a global system semiconductor design solution specialist company selected as a Samsung Electronics Foundry Design Solution Partner (DSP) and an official partner of the UK-based ARM.

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