Ewha Electric "Holds 28% Stake in 81 Billion KRW Fund Investing in CoAsia and Others"

[Asia Economy Reporter Hyunseok Yoo] Ewha Electric is enjoying the effect of indirect investment in companies with high future growth potential through fund contributions.

On the 8th, Ewha Electric announced that Cape MetisStone No.1 Private Equity Partnership (hereinafter Cape MetisStone No.1), managed by MetisStone Equity Partners, in which the company has invested, has a subsidiary of CoAsia, the largest shareholder. Ewha Electric invested 22.5 billion KRW in MetisStone Equity Partners in 2018. This means it holds a 28.13% stake out of a total of 81 billion KRW.

Recently, CoAsia's subsidiary CoAsia SEMI was registered as a Design Solution Partner (DSP) company on Samsung Electronics' foundry homepage, attracting market attention with its stock price rising up to 21.48% intraday on the 8th.

The DSP registration is the 12th, following six existing overseas companies and five domestic companies. Accordingly, CoAsia SEMI, as a foundry partner, can receive Samsung's support or utilize intellectual property rights during product design and verification. CoAsia established its Hong Kong subsidiary CoAsia SEMI last year and has been accelerating its system semiconductor business by investing in design specialist companies SemiHow and Nexel. The industry expects that this foundry partner registration will speed up the foundry business.