KMH Hi-Tech Subsidiary Intek Digital Signs 25 Billion KRW Contract with SK Broadband
Expected Sales Revenue to Exceed 50 Billion KRW This Year
[Asia Economy Reporter Sim Nayoung] Broadcast equipment company Intec Digital signed a broadcasting equipment supply contract worth 25 billion KRW with SK Broadband on the 14th. The scale of this contract is more than half of Intec Digital's sales of 42.7 billion KRW last year. With this order, Intec Digital's sales this year are expected to exceed 50 billion KRW.
Intec Digital is a subsidiary of KMH Hi-Tech, a company specializing in semiconductor components and SSD case production. KMH Hi-Tech acquired Intec Digital in August to diversify its business and secured a 92% stake.
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Lee Sang-guk, CEO of KMH Hi-Tech, said, "This order not only expands KMH Hi-Tech's profits but also allows us to realize the targeted business diversification early through the acquisition of Intec Digital."
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