Hanwha Solution will acquire domestic SMEs with core technologies for manufacturing organic light-emitting diode (OLED) panels.
Hanwha Solution held a board meeting on the 29th and decided to acquire a 100% stake in WOS, which has FMM (fine metal mask) technology, a key material for manufacturing OLED panels, for 60 billion won.
WOS was established in May by Wave Electronics, a KOSDAQ market-listed company, after materially splitting its OLED business division.
Hanwha Solution plans to build a mass production system for FMMs and invest hundreds of billions of won by next year by utilizing its production capacity accumulated through the mobile electronic material business.
With this acquisition, the company decided to actively develop high value-added chemical and electronic materials.
Reporter Lee Ji-sun stockmk2020@gmail.com
