Justem set a new goal of reaching 300 billion won in revenue and a 2 trillion won corporate valuation by 2030. Marking its 10th anniversary, the company said on Thursday it declared its targets and vision at a workshop at Konjiam Resort. All employees attended, under the theme, "10 years achieved together, 100 years to build together." The company said it arranged the event to share the past 10 years' achievements and align direction.
Justem presented five strategies to meet the targets. It will advance its core humidity control solutions by generation and deepen overseas market expansion. It will continue developing next-generation solutions and irreplaceable products, and create new technologies in advanced industries such as displays. It will pursue new business development and partnerships such as mergers and acquisitions, and included completion of a third plant and building an artificial intelligence-based smart operations system in its strategy.
Founded in 2016, Justem grew with "N2 LPM," a nitrogen-based micro-environment control solution. It later developed humidity control and electrostatic control solutions for the first time in the world and has captured more than 80 percent of the global market, the company said. It was selected as an "Excellent Research Institute" for the first time among small and medium-sized companies and won the Jang Young-sil Award. The government selected the solution as a "World-Class Product," officially recognizing its technological capability.
Justem said it is maintaining its best-ever performance trend amid a boom in the semiconductor industry. It secured funding by raising semiconductor policy financing from the Korea Development Bank at the highest level. At Yongin Second Technovalley, it is pushing ahead with construction of a third plant. Once completed, the third plant will increase production capacity and provide a physical foundation for continued growth. The company also plans to build an AI-based smart operations system.
Justem CEO Young-jin Lim (임영진) said, "Over the past 10 years, we generated solid results by entering the global market and maximizing our share, and the future ahead will be a period to prepare for explosive growth through next-generation technologies and a strategic portfolio." He added, "Let all employees work with one mind to achieve the vision of reaching 300 billion won by 2030."