From the left, Kwanghee Wi, Executive Director of Sales Division at Narae Nanotech; Jwajin Jung, CEO of Narae Nanotech; Jaeho Shin, CEO of SEA; Seungtaek Lee, Vice President of Sales at SEA; Youngsoo Kim, Managing Director at AEA.
On June 17, SEA (CEO Jaeho Shin), a company specializing in semiconductor glass substrate packaging and solar equipment development, announced that it has signed a strategic business agreement with Narae Nanotech to secure a leading position in the global advanced equipment market.
The signing ceremony was attended by key executives, including Jaeho Shin, CEO of SEA, and Jwajin Jung, CEO of Narae Nanotech, who expressed both companies' strong commitment to strengthening their strategic partnership. Through this agreement, the two companies plan to combine their respective process technologies and global marketing experience to further enhance their competitiveness in the high value-added equipment market.
Recently, as the solar, semiconductor glass substrate, and FPD (Flat Panel Display) markets have advanced, the importance of substrate surface treatment and high-precision material coating technologies has been rapidly increasing. In particular, Wet Process, Coating&Drying, and Inkjet technologies are essential core processes for manufacturing next-generation high-efficiency solar cells and highly integrated semiconductor substrates. As a result, the strategic value of equipment companies possessing these technologies is also being highlighted.
Accordingly, through this strategic business agreement, the two companies plan to establish a framework for technological collaboration and global marketing cooperation centered on high-precision core process technologies, including Wet Process, Coating&Drying, and Inkjet (for fine pattern formation). They aim to actively pursue entry into new markets and secure customers in high value-added sectors such as solar, semiconductor glass substrates, and FPD (Flat Panel Display).
This agreement is also aligned with SEA's strategy to strengthen its MRO (Maintenance, Repair, and Operations) business and expand its production base through its U.S. subsidiary. SEA is currently building infrastructure, including a plant, to begin operating its North American factory within this year. Through this, the company seeks to proactively address tariff and policy risks in the United States and secure a stable supply chain. The equipment technology collaboration with Narae Nanotech is expected to serve as a key foundation for enhancing SEA's local responsiveness.
Furthermore, SEA is already expanding its solar and semiconductor glass substrate business through partnerships with various global clients. With this business agreement, the company plans to accelerate its growth as a technology-driven global equipment specialist.
Jaeho Shin, CEO of SEA, stated, "This agreement will serve as an opportunity to strategically combine the technological strengths of both companies and generate tangible synergy in high value-added markets such as solar and semiconductor glass substrates. Through comprehensive cooperation that encompasses not only equipment development but also global supply chain stabilization and customer-oriented solution provision, we will further strengthen our competitiveness as a global equipment company."
Meanwhile, in March, SEA signed a joint lead manager contract with Korea Investment & Securities and Kiwoom Securities and announced that it has begun full-scale preparations for an IPO, targeting a listing next year.
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