HJWAVE, a South Korean company specializing in autonomous driving RF components and materials, announced that it had sent out requests for proposals (RFPs) to major domestic securities firms last December to select underwriters for its IPO. Following a competitive presentation process, NH Investment & Securities was chosen as the lead underwriter, with Kiwoom Securities as the co-underwriter. The company is targeting a listing on the KOSDAQ market in the second half of 2026.

Since its establishment, HJWAVE has raised a total of KRW 53 billion through two rounds of investment. Its headquarters and R&D center are located in Pangyo, and it currently operates a 1,270-pyeong (approximately 4,200-square-meter) manufacturing facility in Yongin. To accommodate the mass production of automotive electronic components, the company is preparing an additional manufacturing facility with a scale of 2,700 pyeong (approximately 8,900 square meters).

HJWAVE’s proprietary millimeter-wave RF antenna technology is considered a core element for current and future autonomous driving systems. Building on this technology, the company has expanded its market presence from component markets to inspection equipment sectors. Thanks to its vertically integrated system, which spans from technology development to mass production, HJWAVE is actively securing orders for additional products. The company anticipates achieving visible results this year not only in the automotive electronics sector but also in the telecommunications and defense industries, as well as in its expansion into global markets.

Yoo Tae-hwan, CEO of HJWAVE, stated, “We aim to grow into a company that contributes to future generations and humanity by upholding our technological capabilities and trustworthiness, thereby creating long-term value.”