Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

Internet of Things will change the world. This is Part 2, focusing on the strong market size growth of IoT market in Korea in 2015. We also highlight LG Uplus’ (one of three major telcos in Korea) strong progress in gaining IoT based subscribers in the past six months.The IoT market in Korea reached 4.8 trillion won in 2015, up 28% YoY(Source: Korea Ministry of Science, ICT, and Future Planning) Of the 4.8 trillion won in market size, exports were 1.3 trillion won, up 130% YoY, driven by strong sales of IoT related equipment. Domestic IoT sales were 3.5 trillion won in 2015, up 11% YoY.LG UPlus achieved its first 100k subscribers for its home IoT service, which was achieved in only six months after the initial launch of the service in July 2015.Saving money, improved security, and convenience are currently three major reasons why consumers are becoming subscribers of home IoT services. For LG UPlus, IoT Plug and Opening-Closing Sensor are the two most popular services for home IoT. About half of LG UPlus’ home IoT subscribers use IoT Plug service and 46% use the Opening Closing Sensor service.The trends that are developing in home IoT markets in Korea are well worth following since they are often leading trends for the rest of Asia.

Internet of Things will change the world. This is Part 2, focusing on the strong market size growth of IoT market in Korea in 2015. We also highlight LG Uplus’ (one of three major telcos in Korea) strong progress in gaining IoT based subscribers in the past six months.The IoT market in Korea reached 4.8 trillion won in 2015, up 28% YoY(Source: Korea Ministry of Science, ICT, and Future Planning) Of the 4.8 trillion won in market size, exports were 1.3 trillion won, up 130% YoY, driven by strong sales of IoT related equipment. Domestic IoT sales were 3.5 trillion won in 2015, up 11% YoY.LG UPlus achieved its first 100k subscribers for its home IoT service, which was achieved in only six months after the initial launch of the service in July 2015.Saving money, improved security, and convenience are currently three major reasons why consumers are becoming subscribers of home IoT services. For LG UPlus, IoT Plug and Opening-Closing Sensor are the two most popular services for home IoT. About half of LG UPlus’ home IoT subscribers use IoT Plug service and 46% use the Opening Closing Sensor service.The trends that are developing in home IoT markets in Korea are well worth following since they are often leading trends for the rest of Asia. 

Internet of Things Will Change the World (Part 2) - Korea; Strong Market Growth in 2015

Internet of Things will change the world. This is Part 1, focusing on the patent leaders in the Internet of Things in Korea.Why focus on Internet of Things in Korea? Korea is one of the most technologically advanced countries in the world, especially in Internet and technology. Our aim is to conduct a deep-dive, bottom-up analysis of the IoT sector in Korea so that it could help the investors to realize the sales and earnings contribution potential of the IoT business to the Korean companies’ top-line and bottom growth.Who are the patent leaders of IoT in Korea? Some of the leaders in the IoT sector have tried to enlarge the competitive barriers by their patents. In fact, a few of the Korean companies are global leaders in claiming the most number of patents in the IoT. We believe that reviewing the major leaders of the patent leaders of the IoT is one of the first steps towards figuring out who could be the major beneficiaries of the growth of IoT in Korea. Three companies in Korea particular, including LG Electronics, Samsung Electronics, and KT Corp currently stand out in Korea as having the most number of patents related to IoT. LG Electronics has the largest number of IoT related patents in Korea and among the top five globally. LG Electronics owned 139 IoT patents as of 2014.

Internet of Things will change the world. This is Part 1, focusing on the patent leaders in the Internet of Things in Korea.Why focus on Internet of Things in Korea? Korea is one of the most technologically advanced countries in the world, especially in Internet and technology. Our aim is to conduct a deep-dive, bottom-up analysis of the IoT sector in Korea so that it could help the investors to realize the sales and earnings contribution potential of the IoT business to the Korean companies’ top-line and bottom growth.Who are the patent leaders of IoT in Korea? Some of the leaders in the IoT sector have tried to enlarge the competitive barriers by their patents. In fact, a few of the Korean companies are global leaders in claiming the most number of patents in the IoT. We believe that reviewing the major leaders of the patent leaders of the IoT is one of the first steps towards figuring out who could be the major beneficiaries of the growth of IoT in Korea. Three companies in Korea particular, including LG Electronics, Samsung Electronics, and KT Corp currently stand out in Korea as having the most number of patents related to IoT. LG Electronics has the largest number of IoT related patents in Korea and among the top five globally. LG Electronics owned 139 IoT patents as of 2014.

Internet of Things Will Change the World (Part 1) - Korea; Patent Leaders

South Korea

EO Technics Co., Ltd. is a laser-based equipment supplier. The Company develops laser technology and applications used for marking, drilling, trimming and cutting.

LEENO Industrial Inc. develops and manufactures various testers.  The Company's products include integrated circuit (IC) test sockets, test probe pins used in semiconductor industry.

DB Hitek Co., Ltd. manufactures system semiconductor and provides foundry services. The Company's products inculde fabricated wafer and integrated circuits for mobile handsets and flat panel LCDs.

Techwing Inc., manufactures parts for semiconductor testing equipment. The Company's product includes test handlers, Change of Kit (C.O.K) and test interface boards.  The company's main product, test handlers, is core  semiconductor testing equipment.

Jusung Engineering Co., Ltd. manufactures semiconductor, flat panel display, and solar cell production equipment.  The Company produces space divided CVD-ALD thin film machines for semiconductor manufacture; equipment for producing liquid crystal display panels; and equipment for manufacturing crystalline silicon and thin film silicon tandem solar cells.

Seojin System Co., Ltd. manufactures components for communication equipments, such as Remote Radio Head(RRH) and Digital Unit(DU).  The Company also produces semiconductor components and metal cases for hand-held devices.

Wonik IPS Co., Ltd. manufactures and sells semiconductor processing equipments.  The Company's main businesses include Semiconductor, Display and Solar industries.

Hana Micron Inc. designs, develops, manufactures, and sells semiconductor packages for memory and non-memory semiconductor products.  The Company also produces USB flash drive (UFD), a mobile storage devices which can substitute floppy disk drives.

Eugene Technology Company Ltd. manufactures tools for wafer fabs.  The Company uses the wafer fabs to produce integrated circuits in volume.

ISC Co., Ltd. manufactures semiconductor testing equipments such as test sockets, burn-in sockets, and interposers. Testing equipments are used in the final testing process of semiconductors including DRAM, NAND/NOR Flash Memory, and Graphic Processing Unit(GPU) and are supplied to semiconductor manufacturers  abroad.

SUMCO Corporation manufactures silicon wafers for the semiconductor industry. The Company produces silicon wafers used to produce solar batteries as well as ultra-high purity quartz used to produce vessels for silicon manufacturing process. SUMCO markets its products worldwide.

MA-COM Technology Solutions Holdings Inc. provides high performance analog semiconductor solutions. The Company supplies semiconductors, active and passive components, and sub-assemblies for use in radio frequency, microwave, and millimeter wave applications. MA-COM Technology Solutions serves customers throughout the United States.

eMemory Technology, Inc. develops and provides logic non-volatile memory (LogicNVM) technology. The company licenses its intellectual property to semiconductor foundries, integrated devices manufacturers (IDMs), and fabless design houses around the world.

ROHM COMPANY LIMITED manufactures custom linear integrated circuits and semiconductor devices for use primarily in consumer electronics.  The Company has plants and sales offices worldwide.  Rohm's subsidiaries include Wako Electric and Apollo Electronics.

Nanya Technology Corp. manufactures and markets dynamic random access memories (DRAMs).  The Company sells its products in Taiwan and exports worldwide.

Sanan Optoelectronics Co., Ltd. operates in the business of researching, producing and selling of LED epitaxial wafers and wafers.

SCREEN Holdings Co Ltd.  manufactures and sell semiconductors, FPD devices, commercial printing and printed circuit boards(PCB). The company also provides additional services for its products.

MKS Instruments, Inc. develops, manufactures, and supplies instruments and components used to control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. The Company's products are used to manufacture flat panel displays, magnetic and optical storage devices and media, solar cells, fiber optic cables, and diamond thin films.

Rambus Inc. designs, develops, licenses, and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems, and other electronic systems.  The Company licenses semiconductor companies to manufacture and sell memory and logic ICs incorporating Rambus interface technology.

Realtek Semiconductor Corp. designs, tests, and distributes integrated circuits which are used in consumer electronics, computer systems and peripherals, and communication network hardware.  The Company also provides technical counseling and systems software services.

Hanmi Semiconductor Co., Ltd. manufactures and develops semiconductor equipment. The Company's products include auto molding system, sawing & placement system, campress trim/form/singulation system, and pick & place system.

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Hanmi Semiconductor (042700 KS)

Internet of Things Will Change the World (Part 2) - Korea; Strong Market Growth in 2015

Internet of Things will change the world. This is Part 2, focusing on the strong market size growth of IoT market in Korea in 2015. We also...

Douglas Kim

Internet of Things Will Change the World (Part 1) - Korea; Patent Leaders

Internet of Things will change the world. This is Part 1, focusing on the patent leaders in the Internet of Things in Korea.Why focus on Internet...

Douglas Kim

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