Daeduck Electronics

Subsidiary Wysol resolved to acquire 100% (8,000,000 shares) of NRLab Co., Ltd. from its parent Daeduck Co., Ltd. for KRW 18.896 billion in cash, equivalent to 6.4% of Wysol's equity. The stated purpose is to secure Tx module technology and improve RF business operating efficiency. NRLab is an electronic component manufacturer with 2025 revenue of KRW 79.1 billion and net income of KRW 3.3 billion. The transaction is an intra-group reorganization (related-party deal with the largest shareholder Daeduck) and is scheduled to close on 2026-06-23.

Filed the annual corporate governance report for fiscal year 2025 (January 1 to December 31, 2025), with a 40% compliance rate on the core governance indicators. The company met 6 of 15 key indicators including electronic voting, dividend predictability, internal control policies, and procedures for internal audit access to management information. Key non-compliance areas include lack of 4-week prior notice for shareholder meetings, no CEO succession plan, no independent board chairperson, no cumulative voting, lack of board gender diversity, and absence of an independent internal audit department. Consolidated revenue rose to KRW 1,384,990 million (up from KRW 1,267,195 million) and operating profit improved to KRW 11,313 million, but net income fell sharply to KRW 6,226 million from KRW 42,965 million. The largest shareholder Kim Young-jae holds 41.27% with minority shareholders at 49.36%.

Daeduck Co., Ltd., a holding company that earns dividends, management advisory fees, and brand royalties from its subsidiaries, filed its quarterly report for Q1 2026 (Jan 1 - Mar 31). The consolidation scope is unchanged at 10 subsidiaries (2 listed, 8 unlisted), with no additions or removals during the period. Core operating businesses conducted through subsidiaries remain PCB manufacturing and sales as well as SAW filters and RF modules. Sections on corporate history, capital changes, and total shares are omitted per disclosure rules and will appear in the semi-annual or annual report.

Daeduck's subsidiary Daeduck Electronics has approved a KRW 213 billion (approx. USD 155 million) investment to expand its semiconductor product manufacturing facility, equivalent to 23.74% of the subsidiary's equity. The board resolved the decision on May 11, 2026, with construction running through December 31, 2027. The capacity expansion is positioned as a response to rising semiconductor market demand, signaling management's confidence in a multi-year demand cycle. Funding will come from internal cash and external borrowings, introducing some leverage risk but spreading capex over roughly 20 months. The scale is material but does not classify as a large-scale corporate transaction under Korean disclosure rules.