[Special Stock] Hansong Neotek Rises on Approval of 2nd Battery Business 'Ministry of Trade, Industry and Energy Business Restructuring'

[Asia Economy Reporter Yoo Hyun-seok] Hansong Neotek is showing strong performance. It is interpreted that the news of being approved as a 'New Industry Entry Company' by the 31st Business Restructuring Plan Deliberation Committee of the Ministry of Trade, Industry and Energy (MOTIE) had an impact.

As of 2:39 PM on the 21st, Hansong Neotek was traded at 1,930 KRW, up 4.32% (80 KRW) compared to the previous trading day.

The MOTIE's business restructuring support system is a system where if a company requests tax reductions, financial benefits, and procedural simplifications while establishing a business restructuring plan such as entering a new business or integrating overlapping business sectors, the government reviews and approves it.

Hansong Neotek submitted a business restructuring plan to enter the new electric vehicle battery industry by utilizing its core business technologies in display mask line equipment and inspection technology, and passed the MOTIE's deliberation committee.

According to this business restructuring plan, Hansong Neotek plans to invest about 1.9 billion KRW by 2025 to purchase key parts used in battery inspection devices and to hire and train application development personnel. To secure exclusive technology, it will select a joint development partner and sign a business transfer contract.

A Hansong Neotek official said, "With the approval of the MOTIE business restructuring plan, the secondary battery business will gain momentum," and added, "Based on our core OLED manufacturing equipment technology, we will first enter the secondary battery inspection device market and do our best to secure new orders in the second half of the year."

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