EWK, the only Korean company with specialty in geothermal heat power generation, is set to be listed on the KOSDAQ market.
Geothermal heat power generation is relatively a rarity here in Korea but its annual capacity growth rate is projected at more than 11 percent for the period from 2015 to 2020, higher than that of solar and wind power generators.
EWK is engaged in the production of equipment for binary cycle-type power plants which is the most exemplary type among geothermal heat power generation plants.
The company relies 100 percent of its sales on exports. It has exported its flagship products to about 42 geothermal heat power generation plants worldwide, including those in the United States, Chile, Turkey, New Zealand, Indonesia, and Kenya.
It posted sales of 28.6 billion won last year, up 70.7 percent from a year ago, with its operating profit estimated at 4.4 billion won, up 142.6 percent year on year. EWK is scheduled to be listed on KOSDAQ on August 22.