Thereafter, however, Partron has seen its annual sales fall, stagnating at around 700-800 billion won over the past three years, primarily due to the decline in sales of some components such as antennas, resulting from the change in smartphone designs.
After years of sluggish growth, the company is expected to get back on the right track again this year on the back of the sharp improvement in the sales of camera modules plus its entry into the vehicle electronics parts market.
Another positive factor for its share price outlook is that its blue chip subsidiary is pushing for an IPO. On April 7, Partron shares closed at 11,550 won, up 300 won or 2.67 percent from the previous trading day. After rising by 32 percent from 9,080 won on December 14 to 12,000 won on March 17, Partron shares fluctuated around the 11,000-won level.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip