Lake Materials is investing 12.5 billion won in facilities.

Lake Materials announced facility investment on the 23rd.

According to this, the investment amount is 12.5 billion won, and the purpose of the investment is to build a new research center, increase capacity, and establish internal infrastructure.

The investment period is from August 23, 2022 to May 31, 2023, and the investment location is the construction of a new building and facility investment within the Sejong 2nd Factory site in Miraesan Industrial Complex, Jeonui-myeon, Sejong City.

Meanwhile, Lake Materials is a company that develops and supplies ultra-high purity organometallic compounds used as materials for semiconductors, displays, LEDs, etc.

Sales for the second quarter of 2022 were KRW 32.9 billion, up 73.3% year-on-year, and operating profit was KRW 8.9 billion, up 57% year-on-year. Net income for the period was KRW 5.1 billion, up 16% year-on-year.