KoAsia Optics "KoAsia CM Vina Becomes Largest Shareholder... Leap to One-Company for Optical Lenses and Camera Modules"

[Asia Economy Reporter Hyunseok Yoo] KoAsia Optics is transforming into a specialized camera module company by becoming the largest shareholder of KoAsia CMBina (KoAsia CMBina).

On the 23rd, KoAsia Optics announced that it will invest approximately $3.5 million (about 4.1 billion KRW) in KoAsia CMBina through a third-party allotment capital increase. Once the capital increase is completed, KoAsia Optics will hold a 46.47% stake in KoAsia CMBina, becoming the largest shareholder. Including the KoAsia CM stake acquired in July, the total shareholding ratio reaches 56.74%.

The company stated, “KoAsia Optics, which previously operated only in the lens business, has established a vertically integrated structure for the camera module business through this largest shareholder status. This investment is especially aimed at actively responding to the market’s high demands such as high-resolution and high-performance camera module trends and expanding rear camera modules.”

KoAsia CMBina is a first-tier supplier that delivers camera modules for Samsung Electronics smartphones. It receives support for core areas of the module business such as camera module R&D, sales, and raw materials from KoAsia CM. Through this, the KoAsia Group is expected to build a 'One Company' business portfolio combining optical lenses and camera modules centered on KoAsia Optics. KoAsia CMBina’s production plant is located in Vietnam, securing price competitiveness through high quality.

KoAsia CMBina’s performance will be reflected in KoAsia Optics’ results starting from the fourth quarter. KoAsia CMBina recorded sales of 303.8 billion KRW last year and achieved sales of 146 billion KRW through the first half of this year.

A company official said, “Considering KoAsia CMBina’s long-term partnership with Samsung Electronics, high technological capability, cost competitiveness, and sales power, an increase in performance in the second half of the year is expected. KoAsia Optics will achieve not only external growth but also qualitative leaps such as profitability expansion and establishing a growth foundation in the second half.”

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