Hanmi Semiconductor and Vice Chairman Kwak Dong-shin announced on the 24th that they earned over 470 billion KRW in profits through their investment in HPSP, a semiconductor front-end equipment company listed on KOSDAQ in July last year.
Hanmi Semiconductor, as the second largest shareholder of HPSP, resolved at the board meeting in June 2021 that Hanmi Semiconductor and Vice Chairman Kwak Dong-shin would jointly invest a total of 75 billion KRW, with each investing 37.5 billion KRW in HPSP. Hanmi Semiconductor and CEO Kwak Dong-shin each secured a 12.5% stake.
As of last December, following changes in the total number of issued shares due to the exercise of stock options and partial sale of shares by Vice Chairman Kwak Dong-shin, they hold 19.49% (Hanmi Semiconductor 10.21%, CEO Kwak Dong-shin 9.28%).
At the time of investment, HPSP's corporate value was 300 billion KRW. HPSP's stock price has been rapidly rising after the ex-rights date for the free share issuance. The value of the held shares is expected to reach several hundred billion KRW. Investment returns are expected to vary according to HPSP's corporate value after the new shares are listed.
Despite uncertainties caused by the global economic downturn, including the US-China semiconductor trade dispute, HPSP's stock price continues to rise. Considering its global semiconductor clients such as Samsung Electronics, TSMC, and Intel, and its 100% global market share competitiveness in high-pressure annealing equipment through proprietary technology, investment profits could increase further.
Founded in 1980, Hanmi Semiconductor has 43 years of experience and competitiveness, and has grown into a global semiconductor equipment company with an average export ratio of over 77% compared to sales over the past 10 years.
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