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Our No 1, supplier Seoul Semiconductor Named to Forbes’ 200 Best Under a Billion List

Seoul Semiconductor(SSC), a world-class semiconductor lighting company, was named to the list of Asia’s Top 200 Best under a Billion, as one of the most dynamically traded firms, by Forbes. Forbes is one of the four most prestigious business magazines of the world such as Business Week, Fortune and Wall Street Journal.

Every year Forbes Magazine selects 200 of Asia’s most dynamic publicly traded firms
with sales of under one billion U.S. dollars. The selection criteria include factors that determine companies’ growth, profitability and sustainability. The specific criteria are sales, net income, market value and profit to earnings ratio over the last 12 months. The three-year average for return on equity and EPS are also examined.

About the selection, SSC CEO Jong-hoon Lee said, “It is all thanks to our employees’ hard
work and passion that we were named to this world-renowned list. We will continue to humbly work to create products that have a great value, benefiting both our customers and employees.”

According to a research institution specialized in LED industry, Strategies Unlimited’s recent report, SSC is the No. 1 Korean LED supplier and currently stands within the top 10 companies in the world for high brightness LEDs. Its subsidiary, Seoul Optodevice Co., mass produces BioUV LEDs, semiconductor Deep UV LEDs, with wavelengths less than 340nm. These Bio UV LEDs are used for biological and medical research2) and were created by Seoul Optodevice Co. in partnership with US Government contractor, Sensor Electronic Technology Inc.

SSC estimates that the world LED market will annually grow by 25%
by 2010, and the market size is expected to reach about 200 million dollars. The company
also plans to reach more than 10 million dollars in sales by 2010, making it the world’s third
largest LED Company.


1) Seoul Semiconductor (unit : $mil)

Sales Net Income Market Value P/E ROE EPS
145 19 334 34 37 18

Latest 12 months: Sales, Net Income, Market Value, P/E
3-year average: ROE, EPS

2) * Deep UV: Ultraviolet rays with short wavelength under 280 nm, has a sterilizing power and is used for biological and medical research.
* SETI (Sensor Electronic Technology Inc): This US based company in Colombia, South Carolina, is a US Government contractor for LEDs. The company created the III-Nitride semiconductor technique.

Seoul Semiconductor

Seoul Semiconductor(SSC) is a world leading LED lighting solution provider,
According to the Strategies Unlimited’s recent report, SSC is the No. 1 Korean LED supplier and currently stands within the top 10 companies in the world for high brightness LEDs.
SSC is expected to reach the global top 3 by 2010, achieving the goal of 1.3 billion dollars in sales.Its sales network is comprised of 3 corporate offices, in Japan, Germany, USA, 9 overseas sales offices, and over 80 distributors in the world.

SSC is committed to supporting its customers' lighting applications with the broadest line of colors and packages. SSC's LEDs can be found in illumination, signs, displays, traffic signals, automotive components, mobile phones, and many other products.

SSC currently has 743 material patents and 68 exclusive licenses, and is planning to have 1,000 patents by the end of 2006.

SSC reported its total sales of 155 million dollars, and had 746 employees (R&D 97) as of September 2006.

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