This article was displayed on the ChosunBiz MoneyMove (MM) site at 4:23 p.m. on May 21, 2026.
Dominus Investment and Kiwoom Securities will invest a total of 100 billion won in Park Systems, a nano metrology equipment company. They will each acquire 50 billion won of the perpetual bonds with warrants (BW) issued by Park Systems. Park Systems plans to use the investment to buy equity in the site and building of its new headquarters in Gwacheon, Gyeonggi, and to expand production capacity.
According to the investment banking (IB) industry on the 21st, Dominus Investment decided to acquire 50 billion won out of the 100 billion won in perpetual BWs issued by Park Systems. Kiwoom Securities will invest 50 billion won on the same terms.
The investment is tied to Park Systems' headquarters expansion. Park Systems plans to purchase the site and building equity of the new headquarters in Gwacheon, Gyeonggi, from Dawonsys for about 123 billion won. The company is said to be preparing the purchase funds using the 100 billion won raised from issuing the perpetual BWs and its cash on hand.
The Gwacheon headquarters is jointly owned by Park Systems and Dawonsys. But after Dawonsys applied for corporate rehabilitation proceedings in March, Park Systems decided to acquire Dawonsys' equity share to stabilize its production base and secure space to respond to rising demand for atomic force microscopes (AFM).
The coupon rate and yield to maturity (YTM) of the perpetual BWs are both 0%. However, starting the day after three years from issuance, 300 basis points are added to the YTM, with a step-up of 100 basis points each year thereafter. The structure lowers the initial interest burden while encouraging repayment after three years.
The warrant exercise price is 267,747 won. The exercise period begins one year after issuance. Park Systems also has a call option to purchase up to 20% of the perpetual BWs at a YTM of 0.0%.
Park Systems is a KOSDAQ-listed company that develops, manufactures, and sells atomic force microscopes. An atomic force microscope measures the height, roughness, and physical properties of a sample surface at the nanometer scale. It is used in fields that require precision metrology, such as semiconductors, displays, secondary batteries, biotech, and materials research.
Industry observers say Park Systems can directly benefit from the advancement of semiconductor processes. As semiconductor line widths narrow and stacking structures grow more complex, the importance of nano-scale metrology equipment increases. In particular, in leading-edge processes at 7 nanometers and below and in advanced packaging such as HBM, demand inevitably rises for equipment that precisely measures surface roughness and defects. Atomic force microscopes can be used not only in front-end processes but also in back-end processes such as advanced packaging, making them widely seen as equipment that can benefit broadly from increased semiconductor capital spending.
A diversified customer base is also a strength for Park Systems. It counts global semiconductor manufacturers such as Samsung Electronics, SK hynix, TSMC, Intel, and Micron as clients. Last year, on a consolidation basis, revenue was 205.6 billion won and earnings before interest, taxes, depreciation and amortization (EBITDA) were 50 billion won.