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Hwaseong-based maker of industrial sapphire crystals and substrates for LEDs, which delisted and discontinued operations in 2020.
Founded in 2000 in Hwaseong, South Korea, PineNex Co., Ltd., doing business as Sapphire Technology, manufactures industrial artificial sapphire single crystals and sapphire substrates, mainly used in blue and white LED products. It also runs a digital transceiver manufacturing and sales business. In 2018 it reported revenue of KRW 10,643,492.7, and in August 2015 it raised KRW 20 billion from Shinhan Venture Investment in a PIPE transaction. The company delisted and discontinued operations in June 2020.
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