JUSUNG Engineering JUSUNG Engineering wins praise from prominent overseas clients JUSUNG Engineering (www.jseng.com) is showing remarkable growth in the field of semiconductors and TFT-LCDs through continuous management innovation and R&D (research & development). Since its inception in 1995, the company has been leading growth in this sector with an eye to joining the top ranks in the world of semiconductor and display equipment. JUSUNG is assessed to be in the vanguard of technology innovation through CVD equipment development that can be regarded as semiconductor and displayrelated core technology and particularly, on the background of differentiated technology power, JUSUNG is expanding its market gradually through a successful soft landing in the LCD market. By developing super-first-rate products continuously through innovative and aggressive technology development, JUSUNG is now presenting its own original technology's equipment such as ALD, SDCVD, LPCVD, Dry etcher, HDPCVD, and PECVD equipment for LCD etc., according to CEO Hwang Chul-joo. Preceding investment pays off Especially PECVD equipment for LCD, armed with JUSUNG indigenous patent technology accumulated as a result of ceaseless R&D, has completed the development of an 8G facility in 2005, following 6G, 7G LCD PECVD facilities' development as well as mass production application, starting from 5G equipment supply since the end of 2002. By making inroads into the high-price PECVD market one U.S. company has been supplying exclusively to the entire world due to several technological boundaries in the meanwhile, JUSUNG is gaining public favor from scores of overseas client companies by being recognized for its technology power in competition with major competing corporations all over the world, Hwang commented. As regarding product R&D that the LCD equipment market demands, Hwang explained: "The equipment market is demanding same stability and productivity given its small size in the past. Hereupon, JUSUNG's research staffs concentrated on technology power to overcome physical boundaries and as a result, we were able to succeed in developing superior 8G equipment like 8G PECVD equipment (TIV: Technova In-line Vacuum System) by securing a host of patent technologies." Superior 8G equipment development In the light of research & development as well as the present status of patents, Hwang emphasizes that JUSUNG is different from others though any corporations also stress the importance of R&D investment. It is said that the company has invested KOSDAQ public subscription funds in past 1999 on almost all R&D and only R&D investment was ceaselessly increased, according to JUSUNG's officials, although the company reduced every expenses as cumulative losses over three years from 2001 exceed 120 billion won (around $126 million). Hwang noted that such proceeding investment to look the future became a stepping stone for the company's recovery and as a result, JUSUNG was able to accomplish the largest performance since its establishment in 2004. To preoccupy superior position technologically in a race with global No.1 companies today, the CEO said that JUSUNG is proceeding ceaseless with R&D, adding that R&D to secure differentiated technology and to preoccupy market is under way not only in semiconductor process equipment as well as display equipment market, but also in Solar Cell, LED, OLED, and ADPS markets, next-generation equipment market. As of the end of July 2006, JUSUNG possesses a total of 798 patents at home & abroad and this enables to develop innovative and original concept's equipments, Hwang said. JUSUNG is also a company which possesses the most patents among KOSDAQ listing corporations and as a result which continued ceaseless R&D, based on such patent competitiveness, the company's HSG, ALD, PECVD equipment etc. were selected as the world first-rate product by MOCIE (the Ministry of Commerce, Industry & Energy, Republic of Korea). Powerful management innovation With regard to its powerful management innovation activity, Hwang explained, "Through continuous and powerful innovation activity, JUSUNG aims to rise to global No.1 in terms of not only technology power, but also in terms of both company confidence degree and brand awareness degree, finishing system construction, consciousness reform work etc. within this year. The company displays scores of placards such as, "There is no No.1 without mindset change" at the headquarters of JUSUNG, research building and its new factory, showing that these all contain JUSUNG's powerful innovation will. In addition, in all gates of JUSUNG all buildings tabular statements that compared productivity per worker in comparison with competing companies are being attached to endow JUSUNG employees with a motivation about innovation by comparing competing company's turnover per man, R&D investment efficiency, and business profit. The CEO said that the goal of such innovation is to achieve technology development's innovation, cost reduction's innovation, and speed improvement's innovation, starting from internal waste removal. Thanks to ceaseless R&D as well as TFT LCD's successful market penetration, JUSUNG has converted from cumulative losses to black letters with turnover 166.9 billion won (around $176 million) and net profit 34 billion won (around $36 million) in 2004. Before 2003, JUSUNG was a company whose annual turnover was about 50 billion won (around $ 53 million), but the company has since then developed to a level whose turnover approaches to the middle of 100 billion won. In 2006, its turnover and net profit all are forecast to be improved as semiconductor equipment sales increase is expected.