Colorado Technical University

Hidden pearls in Kosdaq firms

Summary: Among Kosdaq listed firms 29 companies were selected as hidden champions that take the lead in the global market These are companies that manufacture products with global market shares of No 3 or above and are equipped with a robust financial structure highly technical skills and growth potential The Korea Exchange selected 29 firms including semiconductor testing equipment manufacturer Koh Young Technology as Kosdaq Hidden Champions of 2010 Seventeen of the selected companies including digital audio technology company NeoFidelity Inc manufacture products with No 1 global market share Seven of the companies including BioSpace a body composition analyzer manufacturer have products with the second highest global market shares and five of the companies had the third highest market shares The hidden champions list also includes firms selected by the JoongAng Ilbo at the end of last year as Innofast companies or small and mid sized Korean companies whose growth is based on innovation such as semiconductor and display equipment manufacturer DMS and fingerprint technology developer Suprema Companies selected as hidden champions generate 60 percent of their sales from exports and the selected companies hold an average of 57 patents each More than half of the chief executive officers of these companies have educational backgrounds in natural science or engineering and approximately one out of four CEOs or nearly 30 percent hold doctoral degrees The companies sales last year were estimated at 101 5 billion won $91 23 million which is 1 2 times larger than the average for Kosdaq listed firms The hidden champions firms posted 16 8 billion won in operating profits which is 3 9 times that of all Kosdaq listed firms In other words hidden champions firms are relatively more profitable than most other Kosdaq listed companies The KRX plans to introduce hidden champions firms at the upcoming KRX Expo 2010 the nation s largest event for investors from Korea and abroad The expo is set to take place Thursday to Saturday at the COEX in Samseong dong southern Seoul In addition the Industrial Bank of Korea and Korea Institute for Advancement of Technology have agreed to provide the hidden champions firms with funding for technology development Meanwhile a group with the potential to become the next hidden champions will be announced sometime early next year according to KRX By Kwon Hyuk joo jyj222 joongang co kr Copyrights ⓒ JoongangIlbo Jcubei Interactive Inc All rights reserved Among Kosdaq listed firms 29 companies were selected as hidden champions that take the lead in the global market These are companies that manufacture products with global market shares of No 3 or above and are equipped with a robust financial structure highly technical skills and growth potential The Korea Exchange selected 29 firms including semiconductor testing equipment manufacturer Koh Young Technology as Kosdaq Hidden Champions of 2010 Seventeen of the selected companies including digital audio technology company NeoFidelity Inc manufacture products with No 1 global market share Seven of the companies including BioSpace a body composition analyzer manufacturer have products with the second highest global market shares and five of the companies had the third highest market shares The hidden champions list also includes firms selected by the JoongAng Ilbo at the end of last year as Innofast companies or small and mid sized Korean companies whose growth is based on innovation such as semiconductor and display equipment manufacturer DMS and fingerprint technology developer Suprema Companies selected as hidden champions generate 60 percent of their sales from exports and the selected companies hold an average of 57 patents each More than half of the chief executive officers of these companies have educational backgrounds in natural science or engineering and approximately one out of four CEOs or nearly 30 percent hold doctoral degrees The companies sales last year were estimated at 101 5 billion won $91 23 million which is 1 2 times larger than the average for Kosdaq listed firms The hidden champions firms posted 16 8 billion won in operating profits which is 3 9 times that of all Kosdaq listed firms In other words hidden champions firms are relatively more profitable than most other Kosdaq listed companies The KRX plans to introduce hidden champions firms at the upcoming KRX Expo 2010 the nation s largest event for investors from Korea and abroad The expo is set to take place Thursday to Saturday at the COEX in Samseong dong southern Seoul In addition the Industrial Bank of Korea and Korea Institute for Advancement of Technology have agreed to provide the hidden champions firms with funding for technology development Meanwhile a group with the potential to become the next hidden champions will be announced sometime early next year according to KRX By Kwon Hyuk joo jyj222 joongang co kr Copyrights ⓒ JoongangIlbo Jcubei Interactive Inc All rights reserved

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