October 20, 2016 5:40 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Pantech Corp.

Company Overview

Pantech Corp. manufactures and sells mobile phones. The company offers smartphones for customers in South Korea, North America, Japan, and internationally. Pantech Corp. was formerly known as Pantech & Curitel Communication, Inc. and changed its name to Pantech Corp. in December 2009. The company was founded in 1991 and is based in Seoul, South Korea. Pantech Corp. operates as a subsidiary of Pantech Co., Ltd.

Pantech R&D Center

I-2, DMC Sangam-dong


Seoul,  121-270

South Korea

Founded in 1991


82 1 588 9111

Key Executives for Pantech Corp.

Chief Executive Officer, President and Director
Age: 53
Head of Finance Team and Assistant Managing Director
Age: 47
Head of Marketing Division and Vice President
Age: 57
Head of Human General Affair and Assistant Managing Director
Age: 51
Head of Joongang Research Center, Vice President and Director
Age: 53
Compensation as of Fiscal Year 2016.

Pantech Corp. Key Developments

Pantech to Release New Smartphone on June 30, 2016

Pantech will release a new model on June 30, its first after being acquired by a consortium led by telecom equipment firm Solid in December last year. The smartphone to be newly unveiled at the end of this month will likely sport a 5.1-inch display, Qualcomm's Snapdragon 430 mobile processor, and the Google Android 6.0 Marshmallow operating system. The phone, dubbed SKY IM-100, is expected to be priced at around KRW 300,000 (USD 258) to KRW 400,000.

New Owner Of Pantech Is Reported To Be Announced Soon

The new owner of Pantech Co., Ltd. is set to be announced soon, industry sources said on February 23, 2015, with a United States asset management firm highly likely to win the bid through a private contract. According to sources close to the matter, the cash-strapped Pantech will be sold for about KRW 100 billion to a consortium led by One Value Asset Management. One Value has shown strong willingness to purchase Pantech, pledging to guarantee the job security of some 1,500 workers, including those on paid leave. The Seoul Central District Court is expected to make an official announcement soon. "If the takeover process continues as planned, it will be completed by March," said a court official, "Then, Pantech could resume its normal management from April."

Samsung Electronics, SK Telecom, LG Electronics, Micromax Informatics, Huawei Technology And Xiaomi Inc. In Talks To Acquire Pantech

Samsung Electronics Co. Ltd. (KOSE:A005930), SK Telecom Co. Ltd. (KOSE:A017670), LG Electronics Inc. (KOSE:A066570), Micromax Informatics Limited, Huawei Technology Co., Ltd. (SZSE:002502) and Xiaomi Inc. are reportedly in talks to acquire Pantech Co., Ltd. After the first auction ended in November without attracting any bidder, sources said, three new bidders submitted their letters of intent to the Seoul Central District Court on December 30, 2014 and December 31, 2014.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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