Youngchang Chemical Reports Operating Profit of 5.4 Billion KRW Last Year, Up 142% YoY

[Asia Economy Reporter Jang Hyowon] Youngchang Chemical, a specialist in ultra-precision industrial chemical materials for semiconductors and displays, announced its performance results for last year.

Youngchang Chemical's performance last year recorded sales of 82.3 billion KRW, operating profit of 5.4 billion KRW, and net profit of 4.3 billion KRW. Sales and operating profit increased by 24% and 142% respectively compared to the previous year, and net profit turned positive.

A company official explained, "Sales in the PHOTO materials division, our core business, rose sharply, driving the best performance in the company's history since its establishment. In particular, the improvement of existing product performance and expanded research and development of new products in the PHOTO materials division were key factors in this performance increase."

Meanwhile, Youngchang Chemical recently announced the completion of development and the start of mass production of two new materials required for the semiconductor core process CMP (Chemical Mechanical Planarization): 'Tungsten Slurry' and 'TSV Slurry'. Both products are expected to generate sales from the first quarter, contributing to the company's performance growth this year.