STS Semiconductor and Core Logic sign the contract to finalize the acquisition

STS Semiconductor and Core Logic merge to become a competitive global company

Seoul, Korea .- Professional Korean semiconductor packaging manufacturer, STS Semiconductor (036540, Executive Vice President Byung-Hyun Park, www.sts-semi.co.kr) and Korea’s leading fabless semiconductor manufacturer, Core Logic (048870 CEO Ki-Soo Hwang, www.corelogic.co.kr) announced the conclusion of the acquisition agreement for greater synergy in the semiconductor field and entry into the Electronic Manufacturing Service (EMS) business.

STS Semiconductor acquired 31.12 percent of Core Logic shares to become the largest shareholder of Core Logic and CEO Ki-Soo Hwang, the second largest shareholder (6.88%), will continue to manage the business of Core Logic as company CEO.