On April 18th，YMT Tannounced its investment of KRW 53.75 billion (approximately USD 47.8 million) to construct a research and development center(The R&D center) in Songdo, aimed at expanding its business in the semiconductor packaging (PKG) substrate chemical materials market and the biological field.

The R&D center will be constructed in Songdo-dong, Yeonsu-gu, Incheon, South Korea, with construction beginning in June of this year and expected completion around December 2024. The investment in the center will be KRW 53.75 billion, representing 35.51% of YMT's own capital at the end of 2022 (KRW 151.4 billion) and excluding land acquisition costs.

While the F/RF-PCB market in South Korea has achieved a considerable degree of localization, most of the market for chemical materials used in PKG is dominated by foreign companies. Therefore, domestic PKG manufacturers are investing in equipment, with high-quality PKG and areas such as 5G, the Internet of Things (IoT), and virtual reality expected to see high rates of growth.

About YMT

As the developer and seller of chemical materials that are indispensable for manufacturing process of PCB and semi-conductors, YMT is well-known for its remarkable products in the mobile, electronic vehicles, and bio sector. After succeeding in development of independent technologies such as the final surface treatment of PCB and copper plating in the market, which had been formerly occupied by foreign-made products, we have been supplying our technology to the global PCB makers in Korea, China, and Taiwan. Also, by utilizing the source technology, we have been expanded our market to the semi-conductor, display, and thin copper foil sectors as well.