Kwak Dong-sin (51), chairman of HANMI Semiconductor, gifted 483,071 shares of his holdings to each of his two sons. The total is worth 813 billion won.
HANMI Semiconductor announced on the 22nd that it filed a 'report on changes in the ownership of major shareholders' that includes this information.
As a result, the equity of Kwak Ho-jung (23), the eldest son and sales and marketing director of Kwak Shin Holdings, in HANMI Semiconductor has become 2.55% (2,469,92 shares). His younger brother, Kwak Ho-seong (18), has also acquired the same 2.55% equity as his brother.
Currently, Director Kwak Ho-jung is responsible for the domestic import and sales of the luxury watch brand 'Jacob & Co,' which costs over 500 million won, at Kwak Shin Holdings.
Kwak Shin Holdings is a private business led by Chairman Kwak Dong-sin, focusing on distribution and real estate businesses. Recently, Director Kwak Ho-jung joined the company and started importing and selling Jacob & Co. in the country.
In the business community, this stock gift is seen as HANMI Semiconductor sketching out the framework for 'third-generation management.' Although Chairman Kwak's two sons are still young, they have begun to learn management by entering companies related to HANMI Semiconductor.
Chairman Kwak is the eldest son of the late Kwak No-gwon, the founder of HANMI Semiconductor, who became vice chairman in 2014 and chairman at the end of last year. He also holds the largest stake (33.01%) in HANMI Semiconductor.
Meanwhile, HANMI Semiconductor has grown into a mid-sized company with sales of 558.9 billion won, manufacturing 'TC Bonders,' the key equipment for high-bandwidth memory (HBM) used in AI semiconductors, which it supplies to SK hynix. Recently, it has been experiencing conflicts with SK hynix over deliveries.