[Featured Stock] Korea Biogen, 3 Secondary Battery Companies Enter 100 Trillion Won Era... Securing Hidden Value Chain in Secondary Batteries

[Asia Economy Reporter Hyungsoo Park] As secondary battery-related stocks continue their upward trend in the domestic stock market, there is a movement to find undervalued stocks within the secondary battery value chain. This is interpreted as the reason for the sharp rise in the stock price of Korea Biogen, which developed functional silicon intermediate materials, previously 100% imported, using its own technology. The market capitalization of leading domestic secondary battery companies such as LG Chem, Samsung SDI, and SK Innovation has surpassed 100 trillion won.

At 10:11 a.m. on the 11th, Korea Biogen was trading at 8,500 won, up 17.4% from the previous day.

Founded in March 2001, Korea Biogen is a precision chemical company that develops, applies, and produces multipurpose silicon-related materials. It produces and exports functional silicon materials, which were previously 100% imported, using its own technology. The current core silicon business, entered in 2006, is the first and only company in Korea to develop and supply ▲ silane crosslinkers ▲ silicone optical transparent adhesive films (OCA) ▲ ultraviolet curable agents for luminance enhancement (OCR) ▲ pressure-sensitive adhesives (PSA) ▲ heat-resistant coating materials.

Release films require relatively expensive fluorine-based films, and the market is monopolized by a limited number of advanced suppliers, including Japan's Shin-Etsu, as suppliers of fluorine-based release coating agents. The fluorine-based release coating agent developed by Korea Biogen is a curing system based on a platinum catalyst through a side reaction (Hydrosilylation). It independently developed MQ resin, a special type of silicone, and is the only domestic supplier exporting it overseas.

The hybrid silane for the automotive industry completed development at the end of last year and is preparing for mass production by 2022. This material, which exhibits both silicone and urethane properties, is used 12 to 20 kg per vehicle, which is expected to significantly contribute to sales growth.

Korea Biogen is developing and commercializing materials such as skin protection materials for humans, surface coating materials for the robotics industry, polymer electrolyte materials applicable to secondary batteries, heat dissipation materials for electric vehicles, biosensors, and drug delivery system application materials. It also aims to complete technology development for high heat dissipation materials and secondary battery electrolyte materials within the year. These materials have superior stability compared to liquid electrolytes, which is expected to be a growth momentum in the future.