Smartphone camera module maker Biolog Device will acquire and invest in the display and semiconductor industries to become a large tech conglomerate, Company CEO Hwang Hoon said on Thursday.
It will use its business network and all its resources to integrate new technologies and companies, the CEO said. Hwang was named the new CEO on March 30.
Last month, Biolog Device acquired a 58.75% stake for 4.48 billion won in fabless chip firm Hivics.
Hivics specializes in OLED driver IC. It also develops application-specific IC for customers. Its SRAM, T-Con and TED are core system semiconductors used to activate smartphone OLED displays. Hivics recorded 8.7 billion won in sales last year.
Biolog said it is planning to grow Hivics to expand into electric car component, handset, digital appliance, LED and solar cell markets.
In March, Biolog’s largest shareholder changed from Lee Jae-seon and two others (24.08%) to company called Keum Sung Livestock Farming & Promotion (14.55%).
Biolog will collaborate with Keum Sung and Eunsan Corporation, which are also led by Hwang, to expand its business areas, the company said. With Keum Sung, it will work to develop bio businesses.
With Eunsan, it will use core technology secured from a UK partner to apply it in its sensing and camera module business. Biolog is restructuring its camera component organization. It is focusing on actuator.
Hwang, a graduate of Seoul National University, formed Eunsan in 1984 to export South Korean defense products.