Smak Reports 77.1 Billion KRW Sales in First Half, Expects Rebound in Second Half

Smak, a company specializing in machine tools and smart factories, announced on the 14th that it recorded consolidated sales of 77.1 billion KRW and operating profit of 3.2 billion KRW in the first half of this year.

Due to the impact of U.S. tariffs and the global manufacturing downturn, both sales and operating profit were somewhat sluggish compared to the same period last year. However, the company explained that these were temporary external factors, and it expects a rebound in performance starting in the second half of the year, as uncertainties surrounding tariff policies ease and the manufacturing sector recovers.

In the second half, a turnaround in facility investment across key industries is anticipated, driven by a recovery in manufacturing in major countries and the stabilization of supply chains. As a result, demand for machine tools is expected to recover, and Smak plans to capitalize on these market trends by expanding new orders and sales of new products.

The company plans to accelerate the acquisition of new orders by participating in major overseas machine tool exhibitions in the second half of the year and strengthening customized sales activities targeting global customers. Additionally, Smak aims to enhance its competitiveness in overseas markets and its product offerings through technological and sales cooperation with its affiliate, WIA Machine Tools.

Recently, Smak was selected by the Ministry of Trade, Industry and Energy as a specialized 'AI Factory' company (equipment and robotics sector). This has secured opportunities to build AI-based smart factories at industrial sites both domestically and internationally. The company stated that it plans to expand its presence in the manufacturing automation and intelligence market through these initiatives.

Choi Youngseop, CEO of Smak, stated, "Although our first-half results were disappointing due to temporary external variables, we expect to see the full impact of expanded global sales and increased orders for semiconductor applications in the second half." He added, "All members of the management team will maintain a responsible management system and deliver tangible results to our investors."

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