'Incheon Free Economic Zone's First Returning Company' Tobis... Manufacturing Facility Completed in Songdo

㈜Tobis, the first 'U-turn company' to return to the Incheon Free Economic Zone (IFEZ) after expanding overseas, has completed the construction of an industrial monitor manufacturing facility in Songdo and has begun full-scale operations.

The Incheon Free Economic Zone Authority announced on the 18th that it held a completion ceremony for Tobis's manufacturing facility at the new Tobis headquarters in the Knowledge Information Industry Complex in Songdo International City, attended by Kim Jin-yong, the head of the authority, Kim Yong-beom, CEO, and other officials.

Due to the increasing possibility of tariffs amid the intensifying trade dispute between the United States and China, as well as rapid labor cost increases and changing business conditions at its manufacturing site in China, Tobis decided to return to Korea. The company downsized its overseas operations in Dongguan, Guangdong Province, China, and established a manufacturing facility in Songdo.

Tobis plans to complete production equipment testing by the end of this month and start mass production of gaming monitor products from January next year, supplying them to global gaming companies.

The completion ceremony for the Tobis manufacturing facility, located on the B1 floor and 4 floors above ground in the Songdo Knowledge Information Industry Complex in Incheon, was held on the 18th.
[Photo by Incheon Free Economic Zone Authority]

Founded in 1998, the company is listed on KOSDAQ and produces transistor liquid crystal display (TFT-LCD) modules used in industrial monitors and mobile phones, as well as automotive displays. It is also a technology innovation leader dedicated to developing innovative technologies, such as being the world’s first to develop and commercialize curved gaming monitors.

Additionally, Tobis is a mid-sized company with sales of approximately 320 billion KRW (as of the third quarter of this year), possessing global competitiveness that competes for first and second place in the worldwide gaming monitor market. The gaming monitor business, which is scheduled to be produced at the new Songdo headquarters, is expected to achieve record-high sales this year.

Kim Yong-beom, CEO of Tobis, said, "Through the establishment of the new Songdo factory, we will contribute to securing talented personnel and revitalizing the local economy. We will strive to create an opportunity to grow one step further in our core gaming monitor business and solidify our position as a global leading company."

Kim Jin-yong, head of the Incheon Free Economic Zone Authority, stated, "This manufacturing facility establishment is the first case of an overseas expansion company making a U-turn to IFEZ. We expect Tobis's innovative technology in the industrial monitor field to greatly contribute to creating an innovative ecosystem in IFEZ."

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