SBV Tech Listed on KOSDAQ... "Expanding Production Capacity, Aiming to Be a Global Technology Company"

[Asia Economy Reporter Jang Hyowon] SBV Tech (CEO Ryu Jaewan), a mass producer of harmonic reducers that serve as the "joints of robots," has been newly listed on the KOSDAQ market, with trading commencing on the 17th.

Ahead of the listing, SBV Tech recorded a competitive ratio of 1,644 to 1 in a demand forecast conducted for institutional investors at the end of last month. The company set its public offering price at 12,400 KRW, the top end of the desired price band. In the subsequent subscription by general investors, it achieved a high competition ratio of over 1,657 to 1, gathering 4.6 trillion KRW in deposits, marking a successful public offering and drawing increased attention to its stock price movement after listing.

SBV Tech’s key strength is recognized as the localization of robot parts through independent research and development. While harmonic products, which are difficult to manufacture and design, have been imported mainly from Japan, SBV Tech succeeded in mass production using proprietary technology, significantly shortening delivery times and offering strong price competitiveness. SBV Tech’s long-term vision is to contribute to making South Korea a robotics technology powerhouse through more advanced technology.

Ryu Jaewan, CEO of SBV Tech, stated, “We will take this listing as the first year of a new leap forward for SBV Tech, expanding our business diversification and increasing production capacity through facility expansion to become a globally competitive company.”

Meanwhile, SBV Tech announced that it expects to turn profitable starting next year when full-scale mass production sales begin, aiming to achieve sales of 43 billion KRW and an operating profit margin of over 22% by 2024.

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