Daily BriefsSouth Korea

Daily Brief South Korea: Hyundai Motor and more

In today’s briefing:

  • Samhyun IPO Preview


Samhyun IPO Preview

By Douglas Kim

  • Samhyun is getting ready to complete its IPO on the KOSDAQ exchange in March. The IPO total offering amount is 40 billion won to 50 billion won. 
  • The company generated sales of 99.8 billion won (up 45.5% YoY) and operating profit of 9.8 billion won (up 250% YoY) in 2023.
  • Samhyun developed one of the world’s first CVVD (Continuously Variable Valve Duration) technology for automobile engines, which improves fuel efficiency by controlling the engine’s valve opening time. 

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