Bluetop Appoints Former Hyundai Motor Executive Jo Namguk as CEO... Initiates KOSDAQ Listing Process
Expected sales of 43 billion KRW this year
Production line expansion underway
President appointment planned for the second half of next year
[Asia Economy Reporter Hwang Yoon-joo] BlueTop, a KONEX-listed company, has appointed a former Hyundai Motor executive as its Chief Executive Officer (CEO). Under President Cho's leadership, BlueTop plans to expand its production lines and pursue a KOSDAQ listing in the second half of next year.
BlueTop announced on the 16th that it has appointed Mr. Cho Nam-guk (age 57), who served as a group leader at Hyundai Motor and Hyundai Mobis, as its professional CEO.
Newly appointed President Cho Nam-guk graduated from Hanyang University with a degree in Electronic Engineering and joined the Hyundai Motor Group in 1991. He worked in the vehicle electronics development department at Hyundai Precision & Industries, served as group leader of the Hyundai Motor electronics development team, and was head of the electronics parts purchasing team at Hyundai Mobis.
President Cho Nam-guk stated, "Leveraging my 30 years of experience at Hyundai Motor Group, I will devote all my efforts to accelerating the development and sales of new automotive electronics products such as printed circuit boards (PCBs), BlueTop's core products, to achieve a sales milestone of 500 billion KRW."
This year, BlueTop Co., Ltd. is expected to achieve sales of 43 billion KRW, representing a 38.7% increase from last year's 31 billion KRW. Recently, orders for PCBs for electric vehicles from global automakers such as Hyundai Motor and Kia have surged, leading to full operation of production lines. Accordingly, the company is promoting production line expansion and continuous recruitment of department personnel.
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Meanwhile, BlueTop Co., Ltd. is planning a KOSDAQ listing in the second half of next year. Established in 1995, BlueTop is a PCB company supplying automotive PCBs as well as PCBs to telecommunications and mobile companies. Recognized for its technological capabilities and management skills, it was listed on the KONEX market in 2016.
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