QSI "The sharp stock drop the previous day is unrelated to internal company issues"

[Asia Economy Reporter Jang Hyowon] QS Instruments (CEO Lee Cheongdae), a specialized small and medium-sized enterprise in laser diodes (LD) materials and components, issued a statement on the 27th regarding the sharp drop in its stock price on the 26th.

QS Instruments stated on its website that day, "The sharp decline in stock price is unrelated to internal issues, and the ongoing projects are progressing smoothly." The company's stock price fell 20% (3,000 KRW) compared to the previous day.

QS Instruments said, "There are no issues such as major shareholder stock sales or financial accidents that would cause such a sharp drop in stock price," adding, "The company is continuously investing and conducting research activities for talent acquisition, facility investment, and technology development to promote company growth and shareholder interests. In particular, we are focusing our capabilities on technology development through national projects related to automotive Lidar and communication-related RF technologies, which are expected to see expanded market demand in the future."

They continued, "QS Instruments' future business items are being pursued as mid- to long-term plans, so there is significant uncertainty in the business due to external environmental changes such as market demand, requiring considerable time and effort. We apologize for causing concern among shareholders due to the stock price decline and will strive to enhance shareholder value."