JNTC Chairman Jang Sang-wook Acquires 1 Billion KRW Stake... "Confident in Future Growth"

[Asia Economy Reporter Hyunseok Yoo] JNTC, a company specializing in 3D cover glass, announced on the 7th through a public disclosure that JNT Group Chairman Jang Sang-wook purchased 120,000 shares worth approximately 1 billion KRW on the open market. His personal holdings increased from 3.19 million shares (5.51%) to 3.31 million shares (5.72%).

Jang Sang-wook, Chairman of JNTC, stated, “I judged that the company’s value is undervalued compared to its technological capabilities and future growth potential, and with confidence in the long-term corporate value growth outlook, I decided to make this open market purchase.”

Jang Sang-wook, founder of JNTC, established Jinwoo Engineering, the parent company of JNTC, in 1986 and realized the localization of automation equipment. In 1996, driven by the belief in domestic production of electronic components, he founded JNTC.

JNTC has successfully diversified its product portfolio from mainly connectors for mobile phones and cover glass for smartphones to cover glass for smartwatches and vehicles, which are high-growth sectors. Additionally, the company is preparing for the commercialization of ultra-thin glass cover glass for foldable displays, growing into a company with outstanding technological capabilities in the cover glass field.