FineOne has submitted a securities report to list on KOSDAQ in the first half of this year. They plan to offer 3.6 million new shares priced between 3,600-4,000 won ($2.70-$3.00), with an expected offering amount of 13-14.4 billion won ($9.74-$10.79 million). After listing, their market capitalization is estimated to reach 65.7-73 billion won ($49.23-$54.71 million).
The company is beginning full-scale operations at their new factory in Ansan’s Banwol National Industrial Complex. This factory, completed last October, has a comprehensive system for producing OLED masks, which serve as frames for adding thin layers in OLED display manufacturing.
Founded in 2018, FineOne specializes in producing core components for OLED manufacturing processes. Their primary achievement is being the first Korean company to mass-produce magnet plates for the OLED deposition process. These plates prevent fine metal masks from sagging, which helps increase OLED production yield.
The company is also expanding beyond their core OLED business. They’ve developed electromagnet de-ionizers for the secondary battery industry, with mass production scheduled to begin in the first half of this year. According to a company official, FineOne plans to continue expanding into both secondary battery and semiconductor fields while establishing an OLED one-stop solution.
