South Korean Partron's Performance Expected to Improve with Diversified Business

Business by 2FIRSTS.ai

Dec.28.2023

South Korean Partron's Performance Expected to Improve with Diversified Business

South Korean Partron's camera module sales expected to decrease due to Samsung's weak smartphone sales, but diversification predicted to improve performance next year.

According to a report from South Korean daily.hankooki, Korean stock market analyst Kim Young-moon has pointed out that the sales of camera modules by Partron, a Korean company, will decline due to the sluggish sales of Samsung Electronics' smartphones. However, he also predicts that next year Partron's performance will improve through diversifying their business.

KB Securities analyst Li Changmin also pointed out that "it is expected that Partron's sales next year will be 13.4 trillion Korean won, with an operating profit of 64.6 billion Korean won, which represents an increase of 18% and 32% respectively compared to this year. The e-cigarette OEM business achieved sales of 44.3 billion Korean won last year, and it is expected to increase to 130.2 billion Korean won next year, thanks to an increase in shipping volume and the expansion of exclusive supply of new products. Therefore, the sales of automotive electronic components are also expected to achieve significant growth due to increased demand and product line expansion.

The company anticipates improved performance next year due to its diversified business, including e-cigarettes and automotive components.

References:

[1] 파트론, 내년 자동차전장·전자담배 등 사업 다각화 효과 기대-KB

Also Read:

[1] Health Promotion and Excellent Organization Awards for Jeju Island

[2] Philip Morris Applies for SENTIA Trademark in South Korea

[3] South Korea may Increase Cigarette Tax to Offset Economic Recession

[4] Hakka Korea Expands Market Influence with New Store Opening

[5] Korean Government Releases Testing Methods for Harmful Cigarette Ingredients

[6] Installation of Solar-Powered LED Tobacco Prohibition Signs in Seoul

[7] South Korea Designates 5 New Drugs, Including Synthetic Marijuana and LSD

[8] Man Sentenced to Prison for Selling Synthetic Marijuana

[9] JTI Korea Considers Entry into Korean E-cigarette Market

#E-cigarettes #Asia #Market #South Korea

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

PMI Launches VEEV E-Cigarette in South Africa, Expanding Access to Smoke-Free Alternatives

Philip Morris International's South Africa branch launches e-cigarette product Veev, making South Africa one of 20 countries with PMI's smoke-free products.

Oct.13 by 2FIRSTS.ai

Thailand to Establish Inter-Agency Committee to Strengthen E-Cigarette Enforcement

The Thai government will establish an inter-agency committee under the Prime Minister’s Office to address the rapid spread of e-cigarettes among youth. Deputy Prime Minister Sophon Sarum said the fragmented enforcement across multiple laws and agencies has created gaps. The new mechanism will coordinate enforcement, report directly to the Cabinet, and propose legal amendments if current laws are insufficient.

Nov.20 by 2FIRSTS.ai

Organigram Global Appoints Former BAT Global Head of Strategy James Yamanaka as Chief Executive Officer

Organigram Global has named James Yamanaka, previously Global Head of Strategy at British American Tobacco (BTI), as its new CEO. His appointment is expected to take effect around January 15, 2026, and he will also join the company’s board. Yamanaka brings more than 20 years of strategic and managerial experience from roles across Europe and Asia at BTI.

Nov.26

Operation Shutdown in South Australia closes 71 illegal tobacco and e-cigarette stores, confiscates over $4.2 million worth of products

South Australia cracked down on illegal tobacco and e-cigarette sales, closed 71 illegal stores, and seized A$4.2 million (about US$2.77 million) worth of products.