[Edaily Reporter Lee Hye-ra] #Korea PIM announced on the 15th that its largest shareholder, CEO Song Jun-ho, purchased 1 billion won worth of the company’s shares on the open market. With this acquisition, CEO Song’s stake increased from 46.19% to 46.40%.

Korea PIM explained that this share acquisition by the largest shareholder demonstrates a commitment to responsible management and enhancing shareholder value. It is interpreted as an expression of confidence in future business development as results from high-value-added new businesses—such as humanoid robots, artificial intelligence (AI) data centers, and defense—become more visible.
Korea PIM is currently conducting performance evaluations based on a prototype of its ultra-compact reducer. In addition to product development, the company is concurrently proceeding with commercialization procedures, such as supplying samples to global companies, and aims to complete testing within this year and begin supplying initial volumes starting next year. The company explains that since each humanoid robot requires up to 30 reducers to achieve precise movements, large-scale sales are expected once mass production begins.
The company is also making steady progress in expanding into new application areas, having recently secured an initial order for cooling solution materials from a U.S. power solutions company. The product being supplied is designed to secure printed circuit boards (PCBs) within server racks, thereby improving cooling efficiency, and will be applied to Google’s AI data centers via the U.S. company.
An official from Korea PIM stated, “While we expect additional growth starting in the second half of the year, driven by the inclusion of high-value-added business performance alongside our existing stable revenue from the automotive industry, the largest shareholder decided to acquire this stake to strengthen responsible management based on these results.” The official added, “New business achievements are gaining momentum, such as our recent supply of products to Google’s AI data centers through a U.S. company.”