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.
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip