Chungnam Technopark Produces Sixth KOSDAQ-Listed Resident Company

LK Chem Records 652-to-1 Public Subscription Competition Ratio
A Notable Case Surpassing the Limits of Regional Business Incubators
"Chungnam TP’s Incubation Model for Resident Companies Proven Effective"

Chungnam Technopark (Chungnam TP) has produced its sixth KOSDAQ-listed company among its resident enterprises.

Chungnam TP announced on December 3 that the cumulative number of KOSDAQ listings by companies nurtured at Chungnam TP has increased to six, following the listing of its former resident company, LK Chem, on the KOSDAQ market in February.

LK Chem is a precision chemical materials company that has successfully localized the development of precursors-core materials for semiconductor and display manufacturing processes-using its own proprietary technology. The company’s high-purity precursor technology for ALD (Atomic Layer Deposition) processes is an area where domestic demand is rapidly increasing, and LK Chem has established global competitiveness based on this technology. At the time of its listing, the public subscription competition ratio reached 652 to 1, and on the first day of trading, the stock price soared over 180% above the offering price, drawing significant attention from the market.

This achievement is seen as evidence that Chungnam TP’s business incubation model-which includes support after founding, as well as programs for star and leading companies-is effectively functioning in practice. In particular, it stands out as a case that defies the prevailing industry perception that it is difficult for regional business incubators to produce listed companies.

A Chungnam TP official stated, “From its early startup phase, LK Chem established its technological capabilities based on Chungnam TP’s incubation support, and systematically achieved milestones in expanding production facilities, obtaining certifications, and enhancing quality. This technology-driven, structured growth model ultimately led to its KOSDAQ listing.”

Kyu-Seok Seo, Director of Chungnam Technopark. Chungnam Technopark

The achievements of LK Chem also garnered attention at the ‘Business Agreement for Strengthening Technological Competitiveness of Chungnam SMEs and Homecoming Day’ event held on the same day. This Homecoming Day was co-hosted by Chungnam TP, Chungcheongnam-do Province, and the Korea Technology Finance Corporation, with over 300 local business representatives in attendance to strengthen their networks in technology, business, and investment.

Kyu-Seok Seo, Director of Chungnam Technopark, commented, “LK Chem is a company that symbolizes the technological self-reliance and global competitiveness that Chungnam aims for in the semiconductor and materials, parts, and equipment sectors. Chungnam TP will continue to discover innovative companies and expand the Chungnam-style growth ecosystem model, which connects business incubation to KOSDAQ listing.”

Chungnam TP has promoted business commercialization and scaling up by going beyond startup incubation to provide support for technology and prototype development, assistance with testing, certification, and packaging development, connections to investment and policy funding, and consulting from experts in strategic technology fields. Going forward, Chungnam TP plans to play a key role in strengthening the future competitiveness of Chungnam’s economy by actively fostering innovative companies in the region’s strategic industries.

A Chungnam TP official added, “Chungnam TP has contributed to local job creation by producing successful companies every year. Even amid economic downturns, we plan to continue driving the success of companies that achieve results through technology development and customized commercialization support.”

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