Kwak Dong-shin, chairman of Hanmico, is set to invest 700 million won of his personal funds to acquire additional company shares. This marks his fourth share buyback this year, following record quarterly sales driven by increased demand for artificial intelligence (AI) semiconductor equipment and the company's expansion into the U.S. market.
On September 9, Hanmico announced that Kwak plans to purchase 700 million won worth of shares on the stock market on October 7. Once the acquisition is complete, his ownership stake will increase to 33.63%.
Since 2023, Kwak has consistently invested his personal funds to buy Hanmico shares. This year alone, he has purchased a total of 16.7 billion won in shares, following earlier acquisitions of 3 billion won in April, 8 billion won in June, and 5 billion won in July. His cumulative investment since 2023 has reached 70.2 billion won.
At the end of July, Kwak completed a 5 billion won share buyback, raising his ownership stake to 33.62%. In the same month, Hanmico's stock price surged to its daily limit following the announcement of its record quarterly performance, reflecting growing market interest in the company's improved results.
Central to this growth is the TC Bonder for high-bandwidth memory (HBM). Hanmico reported a record quarterly revenue of 251.1 billion won in the second quarter, with an operating profit of 130.3 billion won, resulting in an operating margin of 51.9%. This growth is attributed to increased demand for TC Bonders and semiconductor packaging equipment due to expanded investments in AI semiconductors.
The company is also broadening its business scope. Recently, it launched four types of 2.5D packaging equipment targeting foundries and semiconductor backend companies. By the end of this year, Hanmico plans to establish a local subsidiary, Hanmico USA, in San Jose, California, to enhance technical support for U.S. customers.
A Hanmico representative stated, "Chairman Kwak's additional share buyback reflects his confidence in the company's growth due to its U.S. expansion and equipment supply increase, as well as his commitment to responsible management. We aim to strengthen our position in the AI semiconductor and advanced packaging markets."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.