Jusung Engineering, a pioneering semiconductor equipment company in Korea, has made the strategic decision to separate its profitable semiconductor equipment arm into a new entity, aiming to enhance its undervalued market capitalization. Hwang Chul-ju, the company's founder and chairman, highlighted the potential of the chip business as a leader in the domestic market, emphasizing the proprietary technologies employed in producing various types of memory and logic chips. He expressed optimism that the spin-off would enable the semiconductor business to achieve significant sales growth within a five-year timeframe, drawing a comparison to the success of ASM, a Dutch chipmaking equipment supplier. Established in 1993, Jusung Engineering has been a pioneer in developing semiconductor front-end equipment and boasts cutting-edge technologies such as Atomic Layer Deposition, which are supplied to major industry players like Samsung Electronics and SK hynix. Despite achieving substantial annual sales, the company's market capitalization has remained substantially lower than its competitors, prompting the decision to transition into a holding company, with the semiconductor business becoming a separate entity under the name Jusung Engineering. The chairman addressed speculation about succession planning, indicating that while his son, Hwang Eun-seok, is positioned to become the CEO of the restructured Jusung Engineering, no official decisions have been made yet. Furthermore, Hwang emphasized that the spin-off is also a strategic move to mitigate risks arising from the US-China competition and hinted at reduced investment in the solar and display business, citing advanced technology development.