Chairman Hwang Chul-joo of Jusung Engineering is a pioneer in the localization of the semiconductor equipment segment.
Jusung Engineering, established by Chairman Hwang in 1993, has now grown to secure a global competitive edge.
Jusung has proven his prowess in the CVD and ALD sectors in Korea and abroad. Such achievements are owed to his belief in innovation.
Jusung Engineering boasts the world’s firsts, including warm-wall type, UHV-CVD, SD-CVD, local space plasma tech, SDP-CVD, TSD-ALD, TSD-CVD and TSD-etcher, as well as Korea’s firsts – dry etcher & asher and PE-CVD on top of only ones – solar total solution and OLED lighting total solution.
Chairman Hwang has set a new goal this year: making a leap forward like the Korean version of ASML, an innovation leader in the semiconductor industry. He envisages pushing the envelope: going beyond a chip transistor design based on silicon.
Jusung Engineering recently scrapped a plan to split the company’s semiconductor equipment and solar businesses.
The turnabout came after the scale of appraisal right applications surpassed the limit of 50 billion won the company announced in its split plan.
In a significant corporate development, Jusung Engineering has officially withdrawn its plan to split the company, a decision that was finalized during a board meeting held on Oct. 29.
The move comes after shareholders’ applications for appraisal rights exceeded the company’s announced limit of 50 billion won, prompting the company to halt all procedures related to the split.
The initial plan, announced in May, aimed to separate Jusung Engineering’s semiconductor equipment and solar segments both physically and legally.
This strategic move was intended to establish independent management systems and enhance the efficiency of each business. The split plan received approval at an extraordinary general meeting of shareholders on Oct. 8.
A whole view of Jusung Engineering headquarters in Gwangju.
However, the scale of appraisal rights applications grew beyond the initially set limit of 50 billion won, leading to the company’s decision to abandon the split.
The company unsuccessfully attempted to restructure its corporate structure - Jusung Holdings, Jusung Engineering and Jusung Lux.
As to Jusung Engineering’s scrapping of the split plan, Chairman Hwang said in a recent interview that regardless of changing its corporate structure or not, work is done in the same way — Jusung Engineering will have to keep on finding new customers and creating new markets through innovation.
As for the outlook of the company’s annual performance for the whole of this year, Chairman Hwang said Jusung Engineering had hard times last year, but the company is expected to reap better outcomes this year.
“Even though we see sales decline, it is important for us to see profit not drop, so Jusung Engineering has focused on raising operating profit margin – personally speaking, setting a goal of rising to 75 percent in gross margin, which is closely related to technology power,” he said.
Chairman Hwang painted a rosy forecast for next year, saying that Jusung Engineering has a competitive edge in the semiconductor, display and photovoltaic power sectors in which the company can create new markets through innovation.
Chairman Hwang said semiconductor companies have competed over how tightly transistors can be placed on a silicon wafer over a few decades – designing and inserting tinier circuits on a narrow ground, and that is the reason the EUV lithography process of ASML has become the subject of attention.
But Jusung Engineering has developed the next-generation atomic layer deposition (ALD) technology capable of laminating transistors themselves using the III-V compound instead of silicone, he said.
“If there is a village of 100 separate units, it is an innovative technology of making an apartment building with 100 units, and that is revolutionary and innovative,” Chairman Hwang said.
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