- About Sungwoo
- Business Introduction
- Investment Status
- Management Activities
- Cyber PR
Leader of components with sharing success with customers as its core value!
We took over Estech Co., Ltd. in Nov. 2012 as our affiliation, combining Estech's technologies and 12 years of marketing experience and our finance and expanding to the software market for a synergy effect with the precision component business.
Smart Card sales increased by 12.9% from 6.3 billion in 2011 to 7.11 billion in 2012 (source: Eurosmart) and expected to reach 10 billion in 2016. The growth rate of finance card market will continue to rise as the Chinese and American markets started adopting IC Chip Card in earnest.
Korea's smart card market has also grown based on the finance sector, rapidly changing from magnetic cards to IC cards. Demand for cards keep growing as more stock cards and credit cards have been distributed, and customers have changed mobile communication USIM cards continuously. Korea's smart card market is prospective in general with the introduction of e-passport and e-resident card projects.