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Eugene Technology Aims for $39m Sales, Plans KOSDAQ IPO amid Battery Boom

Eugene Technology, a firm specialising in battery materials, parts, and equipment, is targeting over 50 billion won ($39 million) in sales this year, reflecting a 25% year-on-year growth. The company is also intensifying efforts to secure significant clientele for its lead tab business, a component utilised in prismatic and pouch-type batteries, with the aim of doubling its operating profit rate via battery equipment parts as well as battery cell material business.

In an interview at 'Interbattery Europe' held in Munich, Germany CEO Lee Mi-yeon revealed plans for a KOSDAQ IPO in H2 2023, awaiting the results. . .

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