Jaeyoung Solutec Posts 71.7 Billion KRW in First-Half Sales... Accelerates Mass Production of Hybrid OIS

Jaeyoung Solutec announced on August 14 that, on a consolidated basis, it recorded sales of 71.7 billion KRW and operating profit of 300 million KRW for the first half of the year.

The company stated, "During the first half, our market share within client companies increased, and the proportion of sales from high-priced optical image stabilization (OIS) devices also grew." However, it explained that profitability declined year-on-year due to a decrease in initial production yield and a temporary rise in costs related to the industry’s first hybrid OIS, which the company developed.

The hybrid OIS is a next-generation product that offers greater precision and stability compared to conventional ball-type models. Full-scale deliveries began in the first half of the year, and adoption of the product across client company models is expanding, thanks to its competitive pricing and quality. In July, the company also decided to invest 13 billion KRW to expand its facilities in response to growing demand for hybrid OIS.

With the accelerating demand for high-performance smartphone cameras, the need for OIS actuators is also rapidly increasing. Jaeyoung Solutec is working to expand production of high-specification products and strengthen its market share within client companies in line with these trends. From the second half of the year, the company expects to achieve significant topline growth and stabilize production yields, which should enable a full-fledged improvement in profitability.

A Jaeyoung Solutec representative commented, "From the third quarter, we expect to see a significant increase in operating margin due to improved yields and enhanced productivity. We will continue to lead the industry with innovative products such as the hybrid OIS."

Meanwhile, Jaeyoung Solutec was the first company to move into the Kaesong Industrial Complex. On August 13, the government announced that, for the first time in five years, it would once again include preparations for inter-Korean economic cooperation in its economic policy direction and begin work on reestablishing the Kaesong Industrial District Foundation (Kaesong Foundation).

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