Jahwa Electronics to Invest 500 Billion Won in New Smartphone Camera Parts Plant in Gumi... Signs Investment MOU

Creating 400 New Jobs
Global Market Valued at 55 Trillion Won

On July 3, North Gyeongsang Province and Gumi City signed a memorandum of understanding (MOU) with Jahwa Electronics Co., Ltd. for an investment totaling 500 billion won at Gumi City Hall.

Approximately 30 officials attended the signing ceremony, including Myungseok Hwang, Deputy Governor of North Gyeongsang Province; Jangho Kim, Mayor of Gumi; and Chanyong Kim, CEO of Jahwa Electronics Co., Ltd.

(From left) Myungseok Hwang, Governor of North Gyeongsang Province; Chanyong Kim, CEO of Jahwa Electronics; Jangho Kim, Mayor of Gumi; and Ja-geun Gu, Member of the National Assembly from the People Power Party, are posing for a commemorative photo after signing the investment agreement.

Under the agreement, Jahwa Electronics Co., Ltd. plans to invest 500 billion won over four years from 2026 to 2029 to establish an advanced technology-based mobile camera actuator manufacturing facility in the Gumi National Industrial Complex 1, creating 400 new jobs.

Jahwa Electronics aims to build a production line with a cleanroom area of approximately 33,000 square meters, securing an annual production capacity of 100 million camera actuators.

The optical control and drive components produced by Jahwa Electronics Co., Ltd. are key precision parts responsible for autofocus (AF), optical image stabilization (OIS), and optical zoom functions in smartphone cameras. As demand for high-magnification optical zoom (folded zoom) and OIS has rapidly increased, especially in premium smartphones, the global camera module market has grown to approximately 55 trillion won and continues to expand steadily each year.

Founded in 1987, Jahwa Electronics Co., Ltd. is a mid-sized company that has secured a leading position in the global oligopoly market with its advanced ball-type actuator technology. Since 2023, it has supplied core components for flagship models of the largest customer in North America. The company has enhanced its technological competitiveness by investing over 8% of its sales in research and development (R&D) and holding numerous overseas patents. It is a leading Korean precision component specialist with more than 90% of its sales coming from exports.

Jahwa Electronics Co., Ltd. established its Gumi plant in 2022, putting down roots in the region. With over 800 employees currently working at its Gumi site, it has grown into a representative local company in the area.

Chanyong Kim, CEO of Jahwa Electronics Co., Ltd., stated, "Through this investment, we aim to contribute to revitalizing the local economy and creating quality jobs, while developing Gumi into a world-class advanced manufacturing hub."

This content was produced with the assistance of AI translation services.