Dowoo Insys Co.

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Dowoo Insys Co. - overview

Established

2010

Location

Chungju, Chungcheongbuk-do, South Korea

Primary Industry

Materials

About

Dowoo Insys Co. , based in South Korea, specializes in the manufacturing of ultra-thin glass for flexible displays, catering to the evolving demands of modern consumer electronics. Founded in 2010 in Chungju, South Korea, Dowoo Insys Co. focuses on producing ultra-thin glass for flexible displays.


The company has successfully completed 4 deals, with its most recent funding of KRW 48. 7 billion raised on October 7, 2024, from Zelkova Investment, bringing the total amount raised to KRW 48. 7 billion. Dowoo Insys Co.


produces ultra-thin glass specifically designed for flexible display technology, including cover windows that facilitate folding, sliding, and rolling functionalities. Their primary offerings consist of reinforced glass measuring less than 100 micrometers in thickness, which caters to manufacturers in the smartphone, tablet, and broader electronic device sectors. The company aims to deliver comprehensive solutions for flexible glass, expanding its market presence beyond South Korea to North America, Europe, and parts of Asia. In 2023, Dowoo Insys Co.


reported a revenue of KRW 72,818,588. 60 and an EBITDA of KRW 14,417,481. 20, primarily generated through B2B transactions with electronics manufacturers, featuring agreements that support bulk purchases to meet production demands. On October 7, 2024, Dowoo Insys Co.


secured KRW 48. 7 billion in venture funding to drive its growth initiatives. The company plans to launch new products designed for flexible display applications and expand into new markets, particularly targeting North America and Europe by the end of 2025. This funding will facilitate the development of innovative glass solutions to meet the increasing global demand.


Current Investors

Samsung Venture Investment, New Power Plasma, Zelkova Investment

Primary Industry

Materials

Sub Industries

Advanced Materials, Glass

Website

www.dowooinsys.com

Verticals

Manufacturing

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Dowoo Insys Co. - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Revenue (USD)8,300,540,76456,039,143,05267,379,800,46189,263,192,077---
% Revenue Growth (YoY)-575.1%20.2%32.5%---
EBITDA (USD)(638,022,035)12,438,830,96211,384,787,09216,894,899,619---
Operating Income (USD)(785,985,988)8,459,524,9625,131,963,09211,331,731,619---
Operating Margin(9.5%)15.1%7.6%12.7%---
% EBITDA Margin(7.7%)22.2%16.9%18.9%---
NET Income (USD)(1,688,515,369)1,087,989,5354,289,041,4444,739,788,072---
% Net Margin(20.3%)1.9%6.4%5.3%---

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