NK will never discuss 'sovereignty' with US, says Kim Yo-jong
NewJeans, Seventeen, BTS win top honors at 2023 MAMA Awards
Remaining BTS members to begin military service next month
Man stabs girlfriend while on trial for dating violence
Adults arrested for proxy purchasing of cigarettes, receiving $3 from teens
LX Semicon eyes Kospi listingBy Son Ji-hyoung
Published : Aug. 18, 2022 - 14:26
LX Semicon, a chipmaker dedicated to display driver integrated circuits for TVs and mobile phones, is scheduled to hold an extraordinary shareholder meeting on Sept. 23 at its headquarters in Daejeon. The listing change earned board approval Wednesday, 13 years after the listing on the Kosdaq.
Under Korean rules, a transfer from the Kosdaq to the Kospi requires at least 50 percent of votes by shareholders present at the meeting, and the votes must represent at least 25 percent of total outstanding common shares.
LX Semicon is a semiconductor arm of LX Group, a spinoff of electronics-to-chemical giant LG conglomerate. LX Holdings owns 33.08 percent of shares, while some 34,000 small shareholders hold a combined 58.79 percent stake in the company.
In the first quarter, LX Semicon was the second-largest OLED display driver integrated circuit maker in the world for TVs and smartphones, with 14.6 percent of market share, according to market intelligence Omdia. The company was behind Samsung Electronics with 55 percent market share, but outpaced Taiwan-based Novatech with 11.6 percent share.
LX Semicon logged 237.5 billion won ($180.6 million) in operating profit during the first half, up 53 percent from the previous year.
Yoon accepts broadcasting watchdog chief's resignation
S. Korea, US, Japan, Australia jointly announce sanctions on NK
S. Korea to expand telemedicine services in remote areas