Solum Co., Ltd. is a South Korean company specializing in the manufacture and sale of electronic components. Established in 2015 as a spin-off from Samsung Electro-Mechanics, Solum has leveraged over 45 years of wireless communication technology expertise to become a global leader in digital transformation. The company's mission is to drive businesses toward a more connected and digital future by providing innovative solutions that enhance operational efficiency and customer engagement. Solum's product portfolio includes power modules, digital tuners, electronic shelf labels (ESLs), and various Internet of Things (IoT) products. The company operates in over 45 countries, serving more than 50,000 stores with its advanced technologies.
Solum's strategic focus centers on two primary segments: Electronic Components and Information and Communication Technology (ICT). The Electronic Components segment produces switching mode power supplies for televisions, adapters for mobile devices, power modules for servers, LED lighting solutions, 3-in-1 boards, and tuners. The ICT segment focuses on the development and sale of ESLs, IoT products, and CE-WiFi solutions. By integrating these technologies, Solum aims to enhance retail operations and customer experiences through digital innovation.
As of 2023, Solum reported annual revenues of approximately ₩2 trillion, with a net income of ₩119.4 billion. The company's financial performance reflects its strong market position and operational efficiency. Solum's shares are publicly traded on the Korea Stock Exchange under the ticker symbol 248070.KS.
Solum's product pipeline includes advanced ESL solutions, IoT devices, and power modules designed to meet the evolving needs of the retail and electronics industries. The company is committed to continuous innovation, with plans to introduce new products and enhancements that align with market demands and technological advancements.
Solum distinguishes itself through its proprietary technologies and innovative approaches. The company is the only ESL supplier with in-house manufacturing capabilities, ensuring rapid turnaround times, superior quality control, and cost competitiveness. Solum's ESL solutions incorporate advanced wireless communication technologies, reflecting its extensive experience in this field.
The leadership team at Solum is headed by CEO Sung-Ho Jeon, who brings extensive experience in the electronics industry. Under his guidance, the company has expanded its global footprint and diversified its product offerings. Other key executives include Director of Finance/CFO Hwui-Kwon Ban, Corporate Officer/Principal Jae-Ho Lee, Human Resources Officer Seung-Won Lee, and Sales & Marketing Officer Jae-Sul Yu.
The electronic components and ICT industries are highly competitive, with several key players operating in the market. Solum's main competitors include:
- Electric Research and Manufacturing Cooperative (ERMCO): A U.S.-based company specializing in the manufacture of distribution transformers and components.
- Canon Electronics Malaysia: Engaged in the manufacturing of components for cameras and other electronics.
- Zhuzhou Hongda Electronics: A Chinese company that manufactures and sells electronic components and circuit modules.
- Acuity Brands: A U.S.-based company that designs and manufactures lighting and control products.
- Everlight Electronics Industry: A Taiwanese manufacturer of light-emitting diodes (LEDs).
Solum has established significant collaborations and partnerships to strengthen its market position and innovation capacity. The company operates offices in key regions, including the United States, Germany, India, Japan, and its headquarters in South Korea, enabling it to stay connected with customers and partners worldwide.
Solum's strategic roadmap focuses on expanding its global presence, enhancing its product portfolio, and leveraging its technological expertise to meet the evolving needs of the market. The company's commitment to innovation and quality positions it well to capitalize on future opportunities in the electronic components and ICT sectors.
For more information, visit Solum's official website.
