[Asia Economy Reporter Lim Jeong-su] Haesung Optics is strengthening its capabilities in the mobile actuator (OIS) sector after restructuring its business divisions. The company is also pursuing a third-party allotment paid-in capital increase worth 27 billion KRW to raise investment funds.
On the 9th, Haesung Optics announced that it will restructure its business divisions to focus on the OIS business manufacturing actuators for smartphone cameras. It has decided to discontinue the lens module and camera module divisions, which are underperforming.
Haesung Optics expects that although sales may decline in the short term due to the discontinuation of loss-making businesses, the business structure and financial health will improve in the mid to long term, along with profitability. It is analyzed that from the fourth quarter, when the effects of restructuring become fully apparent, sales and profits in the OIS business will rapidly recover alongside the increase in smartphone shipments.
A Haesung Optics official stated, "We plan to optimize internal resources by discontinuing the lens module business, which has sustained losses for several years, and the camera module business, which has seen a sharp decline in production volume. Currently, both divisions are undergoing sale procedures, and once completed, the funds secured will be used to further strengthen the competitiveness of our core business."
Additionally, the official said, "We will focus on our main business by enhancing productivity and efficiency through management centered on the manufacturing site in Vietnam, and will embark on a full-scale performance improvement."
Haesung Optics is also conducting a third-party allotment paid-in capital increase to be used for operating funds and new business investments. The payment date for the capital increase is October 15, and the raised funds will be approximately 27 billion KRW. A company representative said, "This capital increase will dramatically improve our financial structure, and we plan to strengthen our OIS business capabilities while investing in new businesses."
Meanwhile, Haesung Optics is entering the new business field of metaverse infrastructure construction. Alongside J&d, it is jointly developing medical 3D software and is also exploring the development of XR (extended reality) devices and related content. Starting with entry into the medical 3D software market, the company plans to actively enter metaverse-related businesses in the future.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
