NOVATECH CO.,LTD.
KKRX:28549011,260.00
KRW
-140.00
(-1.23%)
ISIN
KR7285490009
Return %
Stock
S&P 500
1Y
-49.05
14.20
3Y
-52.49
81.12
5Y
-63.79
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Choon-Taek Oh
- Full Time Employees
- 42
- Sector
- Electronic technology
- Industry
- Electronic production equipment
- Address
- Yongin-si South Korea
- IPO Date
- Nov 2, 2018
- Website
- mynovatech.com
- Similar Companies
- Business
- NOVATECH CO.,LTD. is a South Korea-based technology company primarily engaged in the design, manufacture, and distribution of specialized permanent magnets and advanced applied magnetic solutions. Founded in 2007 and headquartered in Yongin-si, Gyeonggi-do, South Korea, the company operates across three primary business sectors: Information Technology (IT) Smart Devices, Automotive Electronics, and Secondary Battery Equipment. NOVATECH specializes in the application of sintered neodymium (NdFeB) rare earth magnets to develop high-performance magnetic assemblies, interference shielding modules, and precision sensing components for consumer electronics, automotive mobility, and industrial battery manufacturing. The company's comprehensive product and service portfolio comprises patented shield magnets designed to concentrate magnetic force and prevent electromagnetic interference in mobile devices; structural magnet plates and core assemblies utilized in smart tablet covers and peripheral attachments; automotive motor position sensor (MPS) and linear position sensor (LPS) magnets; integrated dynamic braking (IDB) and electronic power steering (EPS) magnetic actuators for advanced driver-assistance systems (ADAS); electromagnetic iron removers (EMF) and high-intensity magnetic filter bars engineered to extract fine metallic foreign substances during secondary battery electrode slurry fabrication; and customized magnetic modules for wireless charging systems and consumer electronics. NOVATECH markets its products to global original equipment manufacturers (OEMs), Tier-1 automotive electronics suppliers, and lithium-ion battery cell producers. The company maintains an international operational footprint, managing corporate administration and research facilities in South Korea alongside dedicated manufacturing and sourcing subsidiaries in Vietnam and China, including Novalabs Co., Ltd., Novatech Vina Co., Ltd., and Novacos Vina Co., Ltd. In recent strategic developments, NOVATECH has advanced upstream value-chain integration by transitioning into direct rare earth magnet manufacturing and securing diversified raw material procurement channels to counter global supply chain volatility. The company has expanded its manufacturing capabilities across its Vietnamese production facilities to support non-China supply chain realignment for global clients. Additionally, NOVATECH has executed a broader strategic shift to reduce dependency on consumer mobile devices by scaling production of high-margin automotive sensor components for electric and autonomous vehicles, while expanding commercial supply agreements for its proprietary electromagnetic filtration systems with major secondary battery manufacturers.