More S. Korean companies in ‘1 trillion won club’ list

More S. Korean companies in ‘1 trillion won club’ list

Chun Chung-hong

2014.02.04 17:50:41

A series of South Korean companies are to made entry into the ‘one trillion won club’ of sales. Those are Hanssem, Moneual and Seoul Semiconductor. Their feat holds significance as they achieved surging growth in their respective furniture, electronics and LED areas even amid unfavorable business condition. 
Home interior company Hanssem is the first to join the club this year. Its sales would reach 1.01 trillion won on a consolidated basis last year, up 29 percent from 783.2 billion won in 2012 on the back of strong fourth quarter earnings and growth of B2C/ B2B, market watchers expected.
Consumer electronics company Moneual also achieved one trillion won sales in a decade after its foundation in the face of fierce competition with global giants including Samsung and LG.
Rather than competing with large companies, Moneual built its reputation as a consumer electronics maker with the release of its robot cleaners. It also drew attention as ‘Korea’s Apple’ by targeting overseas market including the US and China with its all-in-one PC.
Meanwhile, LED company Seoul Semiconductor will likely see its sales surpass one trillion for the first time in its history.
The result deserves attention as it is the sole LED manufacture to reap such fruits. It will likely generate 1.02 trillion won sales last year, up 20 percent from theprevious year’s 853.7 billion won.
An official from Seoul Semiconductor noted, “oversupply of LED products led to negative growth in 2011, but we managed to enjoy skyrocketing growth in the light sector by investing over 15 percent of sales.”

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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