[Market Highlight] Korea PIM Rises on Analysis of Increasing Inclusion in Robot Value Chain with Reducer Components

Korea PIM is showing strong performance. This is interpreted as being influenced by analysis from the securities industry suggesting that the company’s inclusion in the global humanoid value chain is becoming more visible, thanks to its supply of components for reducers, which are core parts of robots based on titanium MIM (metal injection molding) technology.

As of 10:15 a.m. on March 6, Korea PIM was trading at 141,700 won, up 14.21% from the previous day.

Kang Kyungkeun, a researcher at NH Investment & Securities, explained, "Two factors are important when selecting small- and mid-cap robot-related stocks. The key criteria are whether the company supplies core components with a high cost ratio in robots, such as actuators, reducers, and motors, and whether it is incorporated into the global robot value chain with companies like Boston Dynamics and Tesla."

Researcher Kang also highlighted Korea PIM’s technological competitiveness. He said, "Korea PIM is developing brackets for the shoulder and arm joints of humanoid robots, as well as ultra-small reducers for finger joints, based on its unique titanium MIM technology capabilities in Korea."

He also mentioned the possibility of collaboration with global humanoid companies. He stated, "The company is discussing supplying a total of about 10 types of components, including brackets for reducers, with the client. Korea PIM secured a development project in July last year and plans to begin supplying samples this month, so visible results are expected within the first half of the year."

According to Researcher Kang, the client plans to begin mass production next year and will rapidly increase output. He analyzed, "The production volume is expected to reach about 35,000 units by 2028 and expand to around 150,000 units in 2029. The initial revenue per robot is expected to be about 3.5 million won, and the number of components supplied could increase further in the future."

He also mentioned other robotic business opportunities. He said, "Korea PIM has co-developed reducer gears for next-generation mobility logistics robots to be launched by a domestic automaker, and supply is imminent. In addition, negotiations are underway to supply parts to global leading humanoid companies that are promoting the establishment of supply chains independent of China."

Finally, Researcher Kang projected, "Based on Korea PIM’s mass production technology for titanium MIM, customer diversification and expansion of robotic product lines are possible. Considering that the target margin is over 30%, the scale of profit from the robot business is expected to grow rapidly in the future."

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