[Financial News] On the 4th, Korea PIM, the leading company in Korea with Metal Injection Molding (MIM) technology, made a grand debut by being listed on the KOSDAQ market. The listing ceremony was attended by key individuals such as CEO Song Jun-ho, employees of Korea PIM, and major representatives from IBK Investment & Securities.
Founded in 2001, Korea PIM is a company possessing MIM technology capable of manufacturing ultra-precise materials. It has established a stable performance base by securing global automotive, IT, and autonomous driving companies such as BorgWarner, IHI, Samsung Electronics, and LG Innotek as its clients. Based on trust from global companies, Korea PIM has maintained an export-oriented growth, with exports accounting for over 40% of its business.
Last year, Korea PIM recorded revenue of 37.4 billion KRW, an operating profit of 3.6 billion KRW, and a net profit of 2.8 billion KRW on a consolidated basis. Given the substantial order backlog from global customers, it is expected that favorable performance will continue this year.
Korea PIM has conducted continuous research and development (R&D) for business diversification based on stable main business performance. Starting this year, it aims to formalize achievements in new businesses such as IT and autonomous driving. It plans to begin mass production of new IT and autonomous driving products within the year, accelerating performance growth based on new high-margin products.
With the funds raised from this listing, Korea PIM plans to expand the application of MIM technology to the robotics field, including humanoids, and to develop new titanium material businesses. To this end, it is developing core materials for humanoid robot reducers after securing titanium-based MIM technology.
A representative from Korea PIM stated, “Since its establishment, Korea PIM has achieved the number one position in the domestic MIM field through continuous R&D. With the growing demand for ultra-precise materials in advanced industries such as humanoid robots and aerospace, we will use this listing as an opportunity to advance our technology and aim to become the global No. 1 MIM company.”
He further emphasized, “With the KOSDAQ listing as a starting point, we plan to build domestic titanium material manufacturing lines and mass production facilities for IT and autonomous driving, and expand dedicated IT production lines at our Vietnam plant. Leveraging our differentiated technology, we aim to diversify into high-value-added industries to achieve concurrent growth in sales and profits.”