HJWAVE “Pre-A Series 8 billion won common stock investment”

 

On the 17th, HJWAVE Co., Ltd. (CEO Yoo Tae-hwan), a specialized RF company in millimeter-wave technology, announced that they have successfully raised 8 billion KRW through a Pre-A Series investment.

As their first investment round since the company’s establishment, it involved the participation of two strategic investors (SI) and two financial investors (FI). The funds raised will be utilized for infrastructure development, business expansion into various industries, and global market entry.

Yoo Tae-hwan, the CEO of HJWAVE, stated, “We have a sense of responsibility to contribute to the industry by focusing on achieving practical and objective results that align with market evaluations, rather than being solely focused on corporate valuation and investment attraction.”

He further expressed, “We have plans to expand the application of our millimeter-wave RF technology not only in the fields of autonomous driving radar and mobility but also in various industries such as mobile communication and satellite communication. Leveraging our experience in End Of Line (EoL) testing equipment, we aim to expand our business into the manufacturing sector of millimeter-wave technology. Through this business expansion, we anticipate qualitative and quantitative growth, enabling us to embark on a new era of advancement.”

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