The stock price of the semiconductor materials specialist DONGJIN SEMICHEM is rising by nearly 15%.
According to the Korea Exchange and others on the 25th, as of 11:21 a.m., DONGJIN SEMICHEM's stock price recorded 32,000 won, up 14.9% (4,150 won) from the previous trading day.
The possibility of a management dispute is seen as contributing to the rise in the stock price. This follows reports that the company's founder, Chairman Lee Boo-seob, has passed away.
Currently, both of the chairman's eldest and second sons are working at the company. The eldest son, Lee Joon-kyu, is overseeing the DONGJIN SEMICHEM foaming agent division, while the second son, Lee Joon-hyuk, is managing operations.
Additionally, DONGJIN SEMICHEM's largest shareholder is DONGJIN Holdings, which holds a 32.49% equity stake. DONGJIN Holdings is owned 55.7% by Chairman Lee Boo-seob.
Meanwhile, Chairman Lee was born in 1937 in Seoul, graduated from Kyunggi High School and majored in chemical engineering at Seoul National University, where he also obtained a master's degree in chemical engineering.
In 1966, he founded 'DONGJIN Chemical Industry,' the predecessor of DONGJIN SEMICHEM, and built the current DONGJIN SEMICHEM. DONGJIN SEMICHEM is cited as the number one company in South Korea for photoresist, a key material in semiconductor processes.