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SKC Appoints Kim Jong-woo as CEO... "Fully Committed to Enhancing Shareholder Value through Stability, Recovery, and Growth"
● Holds the 53rd Annual General Meeting on the 26th... Launches new leadership to drive a swift turnaround.● CEO Kim hosts a 'Shareholder Dialogue'... Communicates current management status and shares the future vision for new businesses.● CFO Park Dong-joo appointed as an inside director, and Chairwoman Chae Eun-mi reappointed... Continuing to strengthen board functions based on expertise.SKC officially launched its new leadership system by holding its 53rd Annual General Meeting and board of directors meeting at its headquarters in Jung-gu, Seoul, on the 26th, appointing President Kim Jong-woo as the new Chief Executive Officer (CEO).CEO Kim Jong-woo has previously served as a strategy executive at SKC and as the head of its investment companies, possessing a profound understanding of the group's overall business operations and outstanding execution capabilities. Drawing on his accumulated experience, he is widely regarded as the ideal leader to strengthen the fundamentals of existing businesses and ensure the successful establishment of new future ventures, such as glass substrates.Immediately following the general meeting, CEO Kim actively engaged with shareholders by directly hosting a shareholder dialogue session. During this event, he transparently shared the company's current management status and outlined three core missions for SKC's leap forward: "Stability, Recovery, and Growth."In particular, he provided a detailed explanation of specific investment plans to secure future growth engines and measures to improve the company's financial structure. First, SKC will allocate approximately 590 billion won of the 1 trillion won secured through its rights issue to its core new business, glass substrates (Absolics). Around 470 billion won will be assigned to capital expenditures (CAPEX) and 120 billion won to operating expenses (OPEX) to accelerate commercial production at the Georgia plant in the U.S., foster collaboration with global partners (AMAT), and upgrade equipment.The remaining 410 billion won will be utilized for debt repayment to proactively enhance financial soundness. By drastically lowering the debt-to-equity ratio from the current 233% to 142%, the company aims to raise expectations for credit rating improvements and firmly establish its capacity for high-quality financing and additional future investments.Furthermore, a turnaround (recovery) roadmap for existing businesses was unveiled. The copper foil business plans to restore profitability through cost structure improvements centered on its Malaysian plant, while the semiconductor materials business aims to solidify its high-profitability trajectory by expanding its Vietnamese plant and increasing sales of high-value-added test sockets for HBM.Additionally, at the general meeting, CFO Park Dong-joo—a financial expert with extensive experience in investment and portfolio planning at SK Inc., who was appointed as SKC's CFO late last year—was appointed as an inside director. Two independent directors whose terms were expiring were also reappointed, in recognition of their professional expertise and contributions to strengthening the board's capabilities.Meanwhile, at the board of directors meeting held immediately after the general meeting, the current Chairwoman of the Board, independent director Chae Eun-mi, was reappointed to the position. Having served as the first Korean branch manager of FedEx Korea, a global express transportation company, Chairwoman Chae has contributed to strengthening the board's functions by providing expert advice and oversight on SKC's major decisions, grounded in her expertise in labor relations and global management experience. [End]
2026-03-26
SKC Raises 1 Trillion Won to Secure Future Growth Engines... A Bold Move to Dominate the Glass Substrate Market
●Resolves a rights issue of approximately 1 trillion won... Largest shareholder SK Inc. announces active participation.●Approximately 590 billion won allocated to 'Absolics' product development... Reflects strong commitment to accelerating the business.●Approximately 410 billion won to be utilized for debt repayment... "Securing future growth engines while strengthening internal stability."SKC is embarking on a large-scale fundraising initiative to accelerate the growth of its future businesses and strengthen its financial soundness.On the 26th, SKC announced that its board of directors held a meeting and resolved on a rights issue of approximately 1 trillion won. Through this, SKC plans to enhance its execution capabilities in the next-generation materials business, such as glass substrates, and simultaneously improve its financial structure to leap forward as a global advanced materials company. On the same day, the largest shareholder, SK Inc. (40.64% stake), also announced its participation in an oversubscription (120% of its allocated shares), citing the strong growth potential of SKC’s semiconductor materials business.The rights issue will be conducted through a shareholder allocation followed by a general public offering of forfeited shares. The record date for the allotment of new shares is April 7, and the subscription period for existing shareholders will take place over two days starting May 14. The issue price is expected to be finalized in mid-May.Around 60% of the funds secured through this rights issue, amounting to approximately 590 billion won, will be invested in product development at Absolics, SKC’s glass substrate investment company. Recently, Absolics has made meaningful progress in product development for global Big Tech clients. Under the leadership of the new CEO Kang Ji-ho, a former Intel and SK Hynix executive, the company is focusing on strengthening its execution capabilities by consolidating the expertise of professional engineers.Moving forward, Absolics plans to implement a "Two-Track" strategy to achieve timely market entry, simultaneously developing the "Embedding" method—a high-end product for AI data centers—and the "Non-Embedding" method, which allows for faster commercialization. Furthermore, the company aims to solidify its technological superiority by building an ecosystem with various stakeholders and partners.The remaining amount of approximately 410 billion won will be used to repay borrowings to enhance financial soundness. The company plans to prioritize repaying maturing debts to reduce financial costs and improve its debt-to-equity ratio. In fact, following this rights issue, SKC’s debt ratio is projected to drop significantly from approximately 230% at the end of 2025 to the low 140% range.With a more robust financial foundation, coupled with a recovery in its core copper foil business and strong performance in the semiconductor materials sector, SKC's fundamentals are expected to be further strengthened.In particular, ISC, which achieved record-high earnings last year driven by expanded sales of products for AI data centers, is expected to continue its high growth this year on the back of the booming semiconductor demand. In addition, SK nexilis is attempting a rebound through cost structure improvements centered on its Malaysian operations and the expansion of Energy Storage System (ESS) demand in North America.An SKC official stated, "This rights issue is designed to support the definitive growth of future businesses, including semiconductor materials, and to build a solid foundation for the company. By utilizing the secured resources, we will accelerate the growth of Absolics and make our utmost efforts to enhance shareholder and corporate value." [End]
2026-02-26
SKC, 2025 Financial Results Announcement… “Strengthening Business and Financial Stamina for Mid-to-Long Term Growth”
● Annual financial results announced on the 5th… External growth trend as revenue from core businesses rises● Secondary battery material revenue rises toward North America… Semiconductor material business achieves record-high annual performance● New CEO with semiconductor expertise recruited for Absolics… Aiming for phased progress by consolidating professional capabilitiesSKC announced on the 5th that it recorded consolidated annual revenue of 1.84 trillion won and an operating loss of 305 billion won for 2025. Despite the changing market environment, revenue from core businesses has risen for two consecutive years, continuing the trend of external growth.Looking at each business segment, the secondary battery material business established itself as a new growth engine, with sales of copper foil for North American ESS (Energy Storage System) surging by 133% compared to the previous year. In addition, sales of copper foil for electric vehicles also increased by 61% annually due to expanded demand following the expansion of major customers' US plants.The semiconductor material business achieved record-high annual performance thanks to the demand for high-value-added products for AI data centers. In particular, the operating profit in the fourth quarter rose by 25.9% compared to the previous quarter, continuing the high-growth trend. The glass substrate business being conducted at the Georgia plant in the US achieved results in securing positive feedback from customers as a result of prototype simulation evaluations.However, in the fourth quarter, one-time expenses of 316.6 billion won, such as impairment of tangible assets for the purpose of process efficiency in the secondary battery and chemical businesses, were reflected, leading to an expanded pre-tax loss. However, SKC believes it will be able to alleviate the burden of fixed costs in the future through preemptive asset restructuring.Efforts to strengthen financial soundness along with asset structure improvement are also prominent. SKC has focused on liquidity management by securing a total of 893.3 billion won in cash annually through the issuance of perpetual exchangeable bonds (EB) and asset securitization of non-core businesses.SKC plans to focus on profit recovery and enhancing financial stability through profitability-centered business operations this year. It plans to strengthen the management system centered on financial stamina and liquidity management until a complete profit turnaround and the full settlement of the glass substrate business.The secondary battery material business will focus on operational efficiency based on the full-scale operation of the Malaysia plant and plans to raise annual sales by approximately 50% compared to the previous year in response to the expansion of global core customers' North American production bases.The semiconductor material business will continue high growth of more than 20% compared to the previous year due to the continuous expansion of demand for AI data centers, and at the same time, it plans to promote the expansion of its product portfolio through joint development with customers and the expansion of production capacity in Vietnam.The glass substrate business puts weight on enhancing execution. At the end of last year, SKC appointed CEO Kang Ji-ho, an expert from Intel and SK Hynix, and is accelerating the execution speed as an overwhelming front-runner by consolidating professional engineering capabilities. In particular, this year, it plans to make step-by-step progress through reliability tests with customers. SKC believes that glass substrates will become a 'game changer' in the semiconductor ecosystem and judges that it will be able to maintain a clear differentiation and technical gap with latecomers by aiming for high-value-added high-end product development.An SKC official said, "Along with short-term performance management, we will closely examine the overall business structure and cost/expense structure from a more fundamental perspective," and "We will do our best to prepare a sustainable growth foundation so that we can continue our mid-to-long-term growth story."
2026-02-05
SKC Announces 2026 Organizational Restructuring and Annual Executive Appointments
l Streamlined
organizational structure to strengthen execution; new leaders appointed with proven
on-site operational and R&D expertisel SKC: “Restructuring to respond more agilely
to market conditions and reinforce fundamental competitiveness through
organizational transformation”
SKC announced its
2026 annual executive appointments aimed at reinforcing fundamental
competitiveness in its core businesses amid rapidly changing market conditions.
The appointments focus
on a strategic realignment of leadership to streamline the organizational
structure and strengthen execution. SKC also appointed new leaders with
extensive on-site experience and strong R&D capabilities.
As part of the
annual appointments, SKC appointed Park Dong-ju as Chief Financial Officer
(CFO) to accelerate efforts to enhance financial soundness and optimize the
business structure. Park, a finance specialist who led key financial strategies
at SK Inc., will focus on strengthening SKC’s business fundamentals.
The company has
strengthened leadership to drive momentum in the glass substrate business. SKC
appointed Kang Ji-ho as the new CEO of Absolics. Kang brings 15 years of
semiconductor technology and operations experience from Intel and, most
recently, led C&C (Cleaning & CMP) process technology at SK hynix. He
is expected to further enhance the competitiveness of the business.
Leadership integration
has also been reinforced to accelerate performance across core businesses. Kim
Jong-woo, President and CEO of SKC, will concurrently serve as CEO of SK Nexilis,
spearheading competitiveness in the battery materials segment. Park Dong-ju,
the newly appointed CFO of SKC, will also concurrently serve as CFO of SK Nexilis
to improve the efficiency of financial operations.
An SKC official
said, “With this organizational restructuring and executive appointments, we
have established a structure that enables us to respond more agilely to
evolving market conditions.” The official added, “We will continue our efforts
to strengthen our organizational foundation for sustainable growth.” [End]
[SKC Executive Appointments for 2026]
△ CEOs of
Subsidiaries
▲ Kim Jong-woo,
CEO, SK Nexilis (Concurrently President & CEO, SKC)
▲ Kang
Ji-ho, CEO, Absolics
▲ Chang
Ji-hyup, CEO, SK picglobal
△ New Appointment
▲ Park
Dong-ju, Chief Financial Officer (CFO), SKC
2025-12-08
SKC Announces 2026 Organizational Restructuring and Annual Executive Appointments
l Streamlined
organizational structure to strengthen execution; new leaders appointed with proven
on-site operational and R&D expertisel SKC: “Restructuring to respond more agilely
to market conditions and reinforce fundamental competitiveness through
organizational transformation”
SKC announced its
2026 annual executive appointments aimed at reinforcing fundamental
competitiveness in its core businesses amid rapidly changing market conditions.
The appointments focus
on a strategic realignment of leadership to streamline the organizational
structure and strengthen execution. SKC also appointed new leaders with
extensive on-site experience and strong R&D capabilities.
As part of the
annual appointments, SKC appointed Park Dong-ju as Chief Financial Officer
(CFO) to accelerate efforts to enhance financial soundness and optimize the
business structure. Park, a finance specialist who led key financial strategies
at SK Inc., will focus on strengthening SKC’s business fundamentals.
The company has
strengthened leadership to drive momentum in the glass substrate business. SKC
appointed Kang Ji-ho as the new CEO of Absolics. Kang brings 15 years of
semiconductor technology and operations experience from Intel and, most
recently, led C&C (Cleaning & CMP) process technology at SK hynix. He
is expected to further enhance the competitiveness of the business.
Leadership integration
has also been reinforced to accelerate performance across core businesses. Kim
Jong-woo, President and CEO of SKC, will concurrently serve as CEO of SK Nexilis,
spearheading competitiveness in the battery materials segment. Park Dong-ju,
the newly appointed CFO of SKC, will also concurrently serve as CFO of SK Nexilis
to improve the efficiency of financial operations.
An SKC official
said, “With this organizational restructuring and executive appointments, we
have established a structure that enables us to respond more agilely to
evolving market conditions.” The official added, “We will continue our efforts
to strengthen our organizational foundation for sustainable growth.” [End]
[SKC Executive Appointments for 2026]
△ CEOs of
Subsidiaries
▲ Kim Jong-woo,
CEO, SK Nexilis (Concurrently President & CEO, SKC)
▲ Kang
Ji-ho, CEO, Absolics
▲ Chang
Ji-hyup, CEO, SK picglobal
△ New Appointment
▲ Park
Dong-ju, Chief Financial Officer (CFO), SKC
2025-12-01
SKC Announces Q3 Earnings: “Sustained Recovery, Visible Progress in New Businesses”
●EV battery materials: North America sales expand; Malaysia plant sales increase, boosting profitability●Test socket/equipment merger synergies materialize; glass substrate samples enter customer qualification process●Bolsters financial health via increased cash inflows; aims for an efficient capital structure centered on core businessesSKC announced on November 5 that it recorded consolidated revenue of KRW 506 billion and an operating loss of KRW 52.8 billion for the third quarter of 2025. Compared to the previous quarter, sales rose by 9 percent, while the operating loss improved by KRW 17.5 billion. The Company surpassed the 500-billion-KRW quarterly sales mark for the first time in two years, continuing a clear trend of sales growth and improved profitability.By business segment, the EV battery materials division posted sales of KRW 166.7 billion and an operating loss of KRW 35.0 billion. Sales to North America expanded significantly, resulting in a 31 percent quarter-over-quarter increase in revenue. In particular, sales of copper foil for LFP-based energy storage systems (ESS) applications grew sharply, driving overall sales growth. The Malaysian plant also steadily increased sales volume, contributing to improved profitability.The semiconductor materials business recorded KRW 64.5 billion in sales and operating profit of KRW 17.4 billion. Synergies from the merger of the test socket and equipment businesses began to materialize in earnest, driving the division to its highest-ever quarterly revenue. In particular, the test socket business achieved a quarterly operating margin of 33 percent, supported by strong sales of high value-added products for AI-driven non-memory applications.SKC's glass substrate business, which the Company aims to commercialize as a world first, has commenced the customer qualification process following the production of its first mass-production prototype samples at the Georgia plant. The prototypes achieved positive results in simulation tests, putting commercialization on track for next year.The chemical business posted sales of KRW 273.5 billion and an operating loss of KRW 7.4 billion. Backed by stable demand, the division maintained steady sales, while the operating loss narrowed significantly from the previous quarter due to stabilization in raw material costs. In the fourth quarter, demand for PG is expected to rise due to seasonal factors, and the Company plans to continue its cost-optimization efforts.Financial performance also showed notable progress. The Company significantly increased cash inflows through the issuance of perpetual bonds exchangeable into shares (EBs) and the sale of non-core semiconductor businesses, thereby accelerating efforts to strengthen its financial health. SKC plans to complete its rebalancing initiatives by year-end and establish an efficient capital structure centered on its core businesses.An SKC official said, “We are focusing on strengthening the competitiveness of each business and establishing a profitability-centered growth model”, adding, “Alongside continued efforts to generate results from new businesses such as glass substrates, we will also focus our efforts on strengthening medium- to long-term financial stability.” [End]
2025-11-05
SKC Earns International ISO 37301 Certification for Compliance Management
●SKC held a certification ceremony on June 4 at its Chungmuro headquarters, officially recognizing its internal control system as meeting global standards●Following its ISO 37001 certification, SKC has now earned ISO 37301—marking a major step forward in its ethical and compliance management framework● Plans are underway to enhance compliance management through dedicated teams and newly formed consultative bodiesSKC (CEO Woncheol Park) announced on June 4 that it has obtained ISO 37301, the international standard for compliance management systems, from the Korea Management Registrar (KMR).A certification ceremony was held the same day at SKC’s headquarters in Chungmuro, Seoul, attended by Kim Yoon-hoe, Head of Compliance at SKC, and Hwang Eun-ju, CEO of KMR, the ISO certification body. ISO 37301 is an international certification granted to organizations with globally recognized compliance systems, based on an evaluation of their internal controls, ethics, and compliance culture.SKC previously received ISO 37001 certification, the international standard for anti-bribery management systems, in 2023. The newly acquired ISO 37301 certification reflects the company’s continued efforts to advance its ethical and compliance system.In line with SK Group’s vision of achieving globally competitive management standards, SKC has designated key organizations as compliance priorities and identified the relevant laws and regulations applicable to each unit. The company has also revised major policies and operational manuals to strengthen its compliance control environment.Looking ahead, SKC plans to enhance its compliance management system through the establishment of dedicated teams and new consultative bodies. The company also plans to expand training programs on key areas such as fair trade to enhance employee awareness.An SKC representative stated, “This compliance management certification provides a solid foundation for strengthening our compliance practices in the long term,” adding, “We will continue to uphold fair and transparent management practices as we strive to become a more trusted company.”
2025-06-04
SKC Announces Q1 2025 Results: Clear Sign of Recovery in Battery Materials Business
● Recorded KRW 438.5 billion in revenue and KRW 74.5 billion in operating loss in Q1 2025●Battery copper foil sales rebounding on increased demand; global customer contracts underway●Semiconductor test socket sales growth to accelerate in Q2; U.S. subsidy for Absolics anticipatedSKC (CEO Woncheol Park) announced its consolidated financial results for the first quarter of 2025 on April 30, reporting revenue of KRW 438.5 billion and an operating loss of KRW 74.5 billion. Despite continued weakness in downstream industries, revenue rose by approximately 3% and the operating loss narrowed by about 10% compared to the previous quarter.By business segment, the battery materials division showed clear sign of recovery. Copper foil sales rebounded on growing demand for electric vehicle (EV) batteries, with Q1 sales volume increasing by 14% quarter-over-quarter and 8% year-over-year. Notably, sales in the North American market surged 69% from the previous quarter and 149% from the same period last year, significantly contributing to the segment's performance. In addition, the operating loss narrowed by 18% quarter-over-quarter, driven by a sharp rise in the utilization at the Malaysia plant.In the semiconductor materials segment, sales of test sockets for non-memory applications temporarily declined due to adjustments in customers’ R&D and mass production schedules. Nevertheless, the segment maintained a solid operating margin of over 20%, demonstrating stable performance. The chemicals business achieved revenue growth from the previous quarter, despite continued weakness in styrene monomer (SM) spreads. Sales of its key product, propylene glycol (PG) remained stable, particularly in high-value markets such as North America and Europe.SKC plans to focus on improving profitability in the battery materials business, driving stable revenue growth in its semiconductor test sockets, and commercializing its glass substrates business in 2025.The battery materials business is expected to continue its upward momentum into Q2, driven by increasing utilization rates at customer battery plants in North America. In particular, SKC plans to finalize multiple supply agreements with global battery manufacturers during the quarter, which—together with the full-scale ramp-up of its Malaysia plant—will further enhance profitability.In the semiconductor segment, sales growth is expected to accelerate in Q2, led by increased demand from North American customers and the resumption of R&D orders from major global tech companies. In addition, U.S. government subsidies for Absolics’ manufacturing operations under the CHIPS Act are expected to be disbursed during the quarter.An SKC representative said, “We are seeing a clear recovery in copper foil sales within the battery materials business. Meanwhile, our test socket business continues to show stable performance, and preparations for the commercialization of glass substrates are proceeding as planned. We will further accelerate our efforts to strengthen the fundamentals of existing businesses while making tangible progress in new growth areas to support a performance rebound.”
2025-04-30
SKC Holds Annual General Meeting of Shareholders "Strengthening Business Competitiveness to Meet Shareholder Expectations"
● The meeting was held on March at the company’s headquarters in Jongno-gu, Seoul, with enhanced accessibility via online live streaming and an IR briefing session● Continued efforts to secure financial soundness; glass substrate business on track for timely mass production after obtaining certification from multiple customers● New appointments include Kim Ki-dong as a non-executive director and Jeong Hyun-wook as an independent director. Chae Eun-mi appointed as SKC’s first female chairpersonSKC (CEO Woncheol Park) held its 52nd Annual General Meeting of Shareholders on March 26 at the company's headquarters in Jongno-gu, Seoul.SKC once again enhanced accessibility by live streaming its Annual General Meeting of Shareholders. Notably, this year’s meeting was followed by a shareholder briefing session that provided updates on key business initiatives.Park Won-cheol, CEO of SKC and chair of the meeting, stated, "We have completed the first phase of our portfolio rebalancing, centered on our three core businesses: EV batteries, semiconductors, and eco-friendly solutions." He also mentioned, "In line with this, we launched our new glass substrate business and acquired ISC, a global leader in semiconductor test solutions, to further strengthen our semiconductor portfolio."He continued, "To ensure financial soundness, we worked to bolster our fundamentals by divesting low-growth, non-core businesses, including the film and polyurethane sectors." He emphasized, "Going forward, we will focus on enhancing our business competitiveness to meet shareholder expectations."SKC also announced plans to generate tangible results in its highly anticipated glass substrate business by obtaining certifications from multiple customers within the year.CEO Park stated, "Georgia Plant 1, the world’s first mass production line for glass substrates, is currently in the commissioning phase with the goal of commencing mass production on schedule." He added, "We have secured multiple top-tier global customers in the field of high-performance computing, AI servers, and high-frequency wireless communications, and are also engaged in discussions with various partners across the value chain." Regarding the copper foil business, he projected, "Based on the mid- to long-term sales contracts signed with multiple customers last year, we expect a stable recovery in sales volume this year."At the board meeting held immediately after the Annual General Meeting of Shareholders, the motion to appoint Chae Eun-mi, an independent director, as SKC's first female chair of the board was approved. Appointed as an independent director in 2023, Chair Chae previously served as the first Korean Manager of FedEx Korea, a global express delivery company. Leveraging her expertise in labor relations and global management, she has contributed to strengthening the board's effectiveness by providing strategic guidance and oversight on major decisions at SKC.Additionally, Woncheol Park, CEO of SKC, was reappointed as an executive director, while Kim Ki-dong, CFO of SK Inc., was newly appointed as a non-executive director. Furthermore, Jeong Hyun-wook, a certified public accountant at Kim & Chang Law Firm, was appointed as an independent director. Other agenda items, including the approval of financial statements and the limit of directors’ remuneration, were also approved as originally proposed. [End]
2025-03-26
SKC Announces 2024 Earnings… "Full Efforts to Restore Fundamentals"
lAnnounced 2024 results on February 11, reporting a 15% YoY revenue increase despite challenging market conditionslStrengthening core business competitiveness while accelerating the foundation for new business growthlPrioritizing long-term sustainability through the accelerated implementation of Operation Improvement (O/I)SKC (CEO Woncheol Park) reported on February 11 that the company’s consolidated revenue reached 1.72 trillion KRW for 2024, with an operating loss of 276.8 billion KRW.Despite challenging conditions in downstream industries, revenue grew by approximately 15% year-over-year, though operating losses widened. SKC has continued to strengthen the foundation for a performance rebound, focusing on its three key growth pillars: EV batteries, semiconductors, and eco-friendly materials.SK Nexilis, an investee specialized in copper foil production for EV batteries, has concentrated on increasing the utilization rate of its cost-competitive Malaysian plant and securing new supply contracts in Greater China. Additionally, the company achieved financial milestones, including improving its debt structure and securing subsidies from the Polish government.SKC successfully restructured its semiconductor business, shifting to high-value-added materials and components. ISC, the test socket investee acquired in 2023, drove overall performance with a 25% increase in revenue and a 320% surge in operating profit year-over-year. The glass substrate business, recognized as a next-generation technology, is progressing smoothly based on the world’s first mass production facility in Georgia, USA. Additionally, the company secured U.S. government semiconductor subsidies, further validating its industry-leading technological capabilities.The commercialization of the eco-friendly materials business is progressing as planned. The biopolymer (PBAT) production facility in Vietnam, with an annual capacity of 70,000 tons, is set for completion in the second half of this year, while the company accelerates efforts to establish its sales infrastructure.SKC is fully committed to enhancing its core competitiveness by boosting revenue in its key businesses and solidifying the foundation for new ventures. Additionally, the company aims to enhance financial stability through company-wide cost reduction initiatives and Operation Improvement (O/I) activities, which have been in place since last year.The copper foil business aims to achieve more than double the sales volume compared to the previous year, driven by the full-scale revenue generation from major customers in Greater China and the gradual increase in utilization rates of existing customers. With the rise in production capacity at the Malaysian plant, a recovery in quarterly profitability is also anticipated.Absolics, the investee for the glass substrate business, is on track to achieve concrete results by completing certifications with multiple global big-tech customers within the year. ISC is anticipated to continue its robust growth through the expansion of sales of AI test sockets to global clients.An official at SKC stated, "Despite a slower-than-expected market recovery last year, we will lay the groundwork for a recovery in performance by strengthening the fundamentals of existing businesses and through the commercialization of the glass substrate business, alongside achievements in other new ventures." [End]
2025-02-12
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SKC is making efforts to create a better future for all of our partners.
