- CEO
- Sung-Ho Jeon
- Full Time Employees
- 504
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- 4,5,6th F, 357, Guseong-ro Yongin-si GY South Korea 16921
- IPO Date
- Feb 2, 2021
- Business
- Solum Co., Ltd. is a South Korean electronics manufacturer specializing in power modules, digital tuners, and electronic shelf labels (ESLs). The company operates primarily in two segments: Electronic Components and Information and Communication Technology (ICT). Its product portfolio includes switching mode power supplies for televisions, adapters for mobile devices, power modules for servers, LED power modules, 3-in-1 boards, tuners, travel chargers, TV and monitor displays, data system and LED power supply units, IoT products, CE-WiFi solutions, and advanced ESLs. Founded in 2015 as a spin-off from Samsung Electro-Mechanics, Solum is headquartered in Yongin-si, South Korea, and markets its products internationally, serving over 50,000 stores across more than 45 countries.
Recent strategic developments include the acquisition of GDK cosmetics business, expanding Solum's market presence and diversifying its revenue streams, with earnings improvement expected from the third quarter onward. Additionally, Solum has embarked on comprehensive ESG management since 2024, instituting an ESG committee, publishing a sustainability report, and prioritizing eco-friendly initiatives such as low-power product development, renewable energy adoption in production facilities, and expanding its green product offerings like solar-powered ESLs and electric vehicle charging solutions. The company also announced an equity buyback program worth KRW 20 billion in 2024, reflecting a commitment to shareholder value.
Solum’s competitive positioning benefits from its proprietary ESL manufacturing capabilities, which enable rapid production and high-quality standards. Its global operations include offices in key markets such as the United States, Germany, India, and Japan. Under the leadership of CEO Jeon Seong-ho, Solum continues to focus on innovation in retail technology and electronic components, leveraging its extensive know-how in wireless communication and digital transformation to enhance retail operations worldwide. The company is publicly traded on the Korea Stock Exchange under the ticker 248070.KS.