INNOX Corporation is an IT materials business, and through its subsidiary INNOX Advanced Materials, it is a global manufacturer with proprietary technology and production capabilities in advanced electronic materials such as OLED, FPCB, and semiconductor packaging materials.INNOXCorporationisanITmaterialsbusiness,andthroughitssubsidiaryINNOXAdvancedMaterials,itisaglobalmanufacturerwithproprietarytechnologyandproductioncapabilitiesinadvancedelectronicmaterialssuchasOLED,FPCB,andsemiconductorpackagingmaterials.
Key Products/TechnologiesKeyProducts/Technologies
OLED materials (INNOLED) include encapsulation film, patterned film, foldable patterned film, protective films for OLED processes (upper and lower), and OCA (Optical Clear Adhesive). These products prevent damage to OLED devices, block moisture and oxygen, protect flexible OLED panels, and safeguard panels during the manufacturing process. They are crucial materials contributing to the slimness, lightness, and flexibility of next-generation displays.OLEDmaterials(INNOLED)includeencapsulationfilm,patternedfilm,foldablepatternedfilm,protectivefilmsforOLEDprocesses(upperandlower),andOCA(OpticalClearAdhesive).TheseproductspreventdamagetoOLEDdevices,blockmoistureandoxygen,protectflexibleOLEDpanels,andsafeguardpanelsduringthemanufacturingprocess.Theyarecrucialmaterialscontributingtotheslimness,lightness,andflexibilityofnext-generationdisplays.
Circuit materials (SMARTFLEX) encompass EMI shielding materials, TPU films (Thermoplastic PolyUrethane Film), coverlays, bonding sheets, and stiffeners. These high-functional materials are essential for flexible printed circuit boards (FPCB) used in various IT devices such as smartphones, tablets, laptops, and automotive electronics. The company has secured a self-reliant foundation for IT material technology in Korea and leads the global market based on its proprietary technology and cost competitiveness.Circuitmaterials(SMARTFLEX)encompassEMIshieldingmaterials,TPUfilms(ThermoplasticPolyUrethaneFilm),coverlays,bondingsheets,andstiffeners.Thesehigh-functionalmaterialsareessentialforflexibleprintedcircuitboards(FPCB)usedinvariousITdevicessuchassmartphones,tablets,laptops,andautomotiveelectronics.Thecompanyhassecuredaself-reliantfoundationforITmaterialtechnologyinKoreaandleadstheglobalmarketbasedonitsproprietarytechnologyandcostcompetitiveness.
Semiconductor materials (INNOSEM) include DAF (Die Attach Film), QFN TAPE, EMI carrier tape, UV-Dicing Tape, and backgrinding tape. These adhesive materials are vital for semiconductor packaging processes, serving as high-performance adhesive films essential for chip protection and device connection. The company possesses the only full lineup in Korea and offers stable performance even in high-temperature, high-density packaging environments. It holds core material technology for high-density packaging processes like AI semiconductors and HBM.Semiconductormaterials(INNOSEM)includeDAF(DieAttachFilm),QFNTAPE,EMIcarriertape,UV-DicingTape,andbackgrindingtape.Theseadhesivematerialsarevitalforsemiconductorpackagingprocesses,servingashigh-performanceadhesivefilmsessentialforchipprotectionanddeviceconnection.ThecompanypossessestheonlyfulllineupinKoreaandoffersstableperformanceeveninhigh-temperature,high-densitypackagingenvironments.Itholdscorematerialtechnologyforhigh-densitypackagingprocesseslikeAIsemiconductorsandHBM.
Battery & Mobility materials (INNOBM) include thermal runaway prevention pressure pads, high-elasticity pads, and high-purity lithium hydroxide through its subsidiary INNOX Lithium. This business segment focuses on developing core materials for eco-friendly energy and optimized functional composite products. Specifically, through its subsidiary INNOX Lithium, the company has begun producing and exporting high-purity lithium hydroxide, securing a new growth engine.Battery&Mobilitymaterials(INNOBM)includethermalrunawaypreventionpressurepads,high-elasticitypads,andhigh-puritylithiumhydroxidethroughitssubsidiaryINNOXLithium.Thisbusinesssegmentfocusesondevelopingcorematerialsforeco-friendlyenergyandoptimizedfunctionalcompositeproducts.Specifically,throughitssubsidiaryINNOXLithium,thecompanyhasbegunproducingandexportinghigh-puritylithiumhydroxide,securinganewgrowthengine.
Core AdvantagesCoreAdvantages
Proprietary technology and leadership in localization are demonstrated by the company's success in localizing advanced IT materials, which were highly dependent on Japan, based on technology accumulated since 1988. Its technological strengths include core capabilities in polymer design, synthesis, compounding, and converting technologies, utilizing various functional resins.Proprietarytechnologyandleadershipinlocalizationaredemonstratedbythecompany'ssuccessinlocalizingadvancedITmaterials,whichwerehighlydependentonJapan,basedontechnologyaccumulatedsince1988.Itstechnologicalstrengthsincludecorecapabilitiesinpolymerdesign,synthesis,compounding,andconvertingtechnologies,utilizingvariousfunctionalresins.
World-class production capacity is evidenced by its position as the largest producer of semiconductor PKG materials and mobile materials globally. In addition to its Asan plant in Korea, it operates overseas facilities in Guangzhou, China, and Bac Ninh, Vietnam, securing global production bases.World-classproductioncapacityisevidencedbyitspositionasthelargestproducerofsemiconductorPKGmaterialsandmobilematerialsglobally.InadditiontoitsAsanplantinKorea,itoperatesoverseasfacilitiesinGuangzhou,China,andBacNinh,Vietnam,securingglobalproductionbases.
Eco-friendly materials and ESG management practices are implemented through the application of Halogen-Free eco-friendly materials in most of its products, fulfilling corporate social responsibility. The company was recognized as a 'KOSDAQ Excellent Disclosure Company' by the Korea Exchange, acknowledging its transparent management and diligent disclosure practices.Eco-friendlymaterialsandESGmanagementpracticesareimplementedthroughtheapplicationofHalogen-Freeeco-friendlymaterialsinmostofitsproducts,fulfillingcorporatesocialresponsibility.Thecompanywasrecognizedasa'KOSDAQExcellentDisclosureCompany'bytheKoreaExchange,acknowledgingitstransparentmanagementanddiligentdisclosurepractices.
Diversified business portfolio and securing new growth engines involve expanding its business into battery and mobility materials, EMI carrier tapes for aerospace, physical AI, robotics, and core materials for AI semiconductors, beyond its existing display, semiconductor, and FPCB materials. The entry into the high-purity lithium hydroxide business through its subsidiary INNOX Lithium is a crucial pillar for future growth.Diversifiedbusinessportfolioandsecuringnewgrowthenginesinvolveexpandingitsbusinessintobatteryandmobilitymaterials,EMIcarriertapesforaerospace,physicalAI,robotics,andcorematerialsforAIsemiconductors,beyonditsexistingdisplay,semiconductor,andFPCBmaterials.Theentryintothehigh-puritylithiumhydroxidebusinessthroughitssubsidiaryINNOXLithiumisacrucialpillarforfuturegrowth.
Securing global clients and market share is achieved by supplying materials to most OLED panel manufacturers worldwide. It maintains a high market share of 95% in the domestic FPCB material market, indicating a dominant position. The company has secured major domestic and international clients such as Samsung Display and LG Display, and has proven its technological reliability by supplying EMI carrier tapes to global aerospace companies like SpaceX.SecuringglobalclientsandmarketshareisachievedbysupplyingmaterialstomostOLEDpanelmanufacturersworldwide.Itmaintainsahighmarketshareof95%inthedomesticFPCBmaterialmarket,indicatingadominantposition.ThecompanyhassecuredmajordomesticandinternationalclientssuchasSamsungDisplayandLGDisplay,andhasprovenitstechnologicalreliabilitybysupplyingEMIcarriertapestoglobalaerospacecompanieslikeSpaceX.
Target IndustrieTargetIndustrie
Mobile (smartphones, foldable phones, tablets, laptops, wearable devices)Mobile(smartphones,foldablephones,tablets,laptops,wearabledevices)
Semiconductor (packaging processes, AI semiconductors, HBM, DRAM, NAND)Semiconductor(packagingprocesses,AIsemiconductors,HBM,DRAM,NAND)
South Korea, China, VietnamSouthKorea,China,Vietnam
Certifications/PatentsCertifications/Patents
Possession of unique technological know-how achieved through proprietary technology. Core technological capabilities based on polymer synthesis and compounding technologies.Possessionofuniquetechnologicalknow-howachievedthroughproprietarytechnology.Coretechnologicalcapabilitiesbasedonpolymersynthesisandcompoundingtechnologies.
Ownership of 263 patents (175 domestic, 88 overseas). Various technology patents, including those related to display protective films.Ownershipof263patents(175domestic,88overseas).Varioustechnologypatents,includingthoserelatedtodisplayprotectivefilms.
Commitment to environmental management through the application of Halogen-Free eco-friendly materials.CommitmenttoenvironmentalmanagementthroughtheapplicationofHalogen-Freeeco-friendlymaterials.
Recognition as a 'KOSDAQ Excellent Disclosure Company' by the Korea Exchange, acknowledging transparent management and diligent disclosure practices.Recognitionasa'KOSDAQExcellentDisclosureCompany'bytheKoreaExchange,acknowledgingtransparentmanagementanddiligentdisclosurepractices.
Introduction
Location
171 Asanvalley-ro, Dunpo-myeon, Asan-si, Chungcheongnam-do, South Korea
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Information
171 Asanvalley-ro, Dunpo-myeon, Asan-si, Chungcheongnam-do, South Korea