EV Group To Expand Presence In Korea With Opening Of Subsidiary

St. Florian, Austria - EV Group (EVG) recently announced that it will open a new subsidiary in Seoul, Korea. The new subsidiary will serve as a direct-to-customer site for sales, service and support efforts for EVG´s existing and potential new customer base. Until now, EVG´s presence in Korea was via both its distribution and R&D partners. This move is set to place EVG on the ground to meet the growing demands for the company´s technologies around the clock or 24/7.

Commenting on today´s announcement, Hermann Waltl, EVG´s senior vice president of sales, noted, "We are highly committed to establishing and sustaining partnerships with our customers. The opening of our own subsidiary in Korea affords us a great opportunity to continue delivering on that commitment in this burgeoning market for EVG. The growth we´ve seen in our customer base thus far, coupled with the market potential, makes this move a clear and natural progression for us. Moreover, as Korea continues to increase its technological development efforts to aggressively compete in the global semiconductor and MEMS arenas, the region is a hotbed for adoption of the latest enabling manufacturing technologies. This creates significant market potential for EVG, particularly in areas such as 3D stacking, advanced chip-to-wafer integration, as well as wafer-to-wafer bonding. So, naturally, the opportunities and benefits of establishing ground operations here are manifold."

Independent of EVG´s efforts within this region, the company has had an active role in Korea for the last decade. Specifically, EVG has collaborated with Jinsan Scientific Co. Ltd. and Jinsan Micro-engineering Ltd. to open a cleanroom facility, known as JML lab. This facility is designed to capture R&D efforts for MEMS, advanced packaging and nanoimprint lithography applications, as well as serve as a demonstration center for EVG´s Korean customer base. In addition, the company is in close partnership with the BioIT National Foundry Center, which was established by Korea´s Ministry of Commerce, Industry and Energy. The Center is based at Seoul National University (SNU)´one of the three national universities focused on transforming local industries into high-value-added industries of the future. The Center at SNU is specifically dedicated to research and development surrounding biotechnology, including lab-on-a-chip.

EVG´s new Korean subsidiary will house myriad functions, including sales, service, process/application and administrative capabilities.

SOURCE: EV Group