Semiconductor Company 'Rino Gong-Op' Expands and Relocates with 200 Billion Won Investment, First Tenant in Eco Delta City 'Busan City Investment Attraction Exclusive Zone'

The main products manufactured by Rino Industry.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Lino Industrial, a representative semiconductor component manufacturing company in Busan, is expanding and relocating its headquarters with an investment of about 200 billion KRW. This is the first case of moving into Busan's exclusive investment attraction zone.

On the 16th at 5 p.m., Busan City announced that it will sign a memorandum of understanding (MOU) with Lino Industrial, a global leader in semiconductor inspection products, to invest 200.2 billion KRW by 2025 at the video conference room on the 7th floor of City Hall.

Busan Mayor Park Hyung-jun and Lino Industrial CEO Lee Chae-yoon are scheduled to attend the signing ceremony and sign the MOU.

Lino Industrial, the only company in the Busan area manufacturing semiconductor inspection-related products, has been recognized as a leading local company that has continuously innovated since its establishment in 1978. In the 1980s, it succeeded in domestic production of test pins and sockets developed in-house, and the so-called ‘Lino Pin’ has maintained a dominant leading position in the global market share.

Since being listed on KOSDAQ in 2001, it has grown into a global company with a current market capitalization exceeding 2 trillion KRW. Recently, thanks to the semiconductor market boom, both sales and operating profits have nearly doubled over the past three years.

Lino Industrial plans to invest a total of 200.2 billion KRW in Eco Delta City, Gangseo-gu, Busan, to expand and relocate to a site of 72,519㎡ (about 22,000 pyeong) with a total floor area of 66,800㎡. The goal is to start operations in the second half of 2025, and upon completion of the investment, it is expected to create about 200 new jobs and increase annual sales by up to 300 billion KRW.

This investment is made to integrate production lines that were dispersed around the Mieum Industrial Complex and to expand and relocate the headquarters and factory. The new facility will be about twice the size of the existing factory, aiming to maximize production capacity by item and improve business efficiency.

The company planned a bold investment comparable to a ‘second founding’ and targeted the global market by utilizing the locational advantages of Gangseo-gu, which is convenient for research and development (R&D) and exports.

Previously, Lino Industrial had difficulties securing a relocation site and considered moving to other regions, but decided to reinvest in Busan thanks to the city's active investment attraction efforts.

The site where Lino Industrial will relocate is the ‘Busan City Exclusive Investment Attraction Zone’ in Eco Delta City, Gangseo-gu. Last year, Busan City and the Korea Water Resources Corporation signed a business agreement to prioritize supply of industrial land within the exclusive zone to companies recommended by Busan City during land sales and tenant company screening. Lino Industrial is the first case of this.

CEO Lee Chae-yoon of Lino Industrial said, “Through this investment, we will grow into the world's best company in the semiconductor inspection field and contribute to the economic growth and development of the Busan region by fostering the semiconductor industry, which is concentrated in the metropolitan area, as a representative local company of Busan.”

Busan Mayor Park Hyung-jun said, “We appreciate Lino Industrial's decision to reinvest in Busan, which has been a barren land for the semiconductor industry. This large-scale investment will greatly contribute not only to revitalizing the local economy but also to the development of the materials and components industry, which is the foundation of manufacturing.”