- Business
- IM Tech Inc. (226350.KS) manufactures and sells antennas, camera modules, and ceramic substrates for mobile devices and automotive applications. The company offers near field communication antennas, wireless charging solutions, magnetic secure transmission composites, communication antennas, smartphone metal parts, biosensor products, and related components based on ceramic material and LTCC (Low Temperature Co-fired Ceramic) technologies; it also produces RF antenna switch modules and crystal oscillators including XOs, VCXOs, and TCXOs. Founded in 2000 and headquartered in Paju-si, Gyeonggi-do, South Korea, IM Tech operates primarily in the telecommunications and electronics sectors, serving markets in South Korea, China, and Hong Kong.
Among its latest major developments, IM Tech signed a contract to acquire a 49% stake in Sung Jin Metal Co., Ltd. for KRW 7.9 billion to expand its manufacturing capabilities; it also announced a private placement of 1,612,917 shares at KRW 3,720 per share, expecting to raise KRW 6 billion for operational funding.