- Business
- Taekwang Industrial Co., Ltd. manufactures petrochemical products, synthetic fibers, textiles, and advanced materials primarily in South Korea with international operations. The company produces purified terephthalic acid, propylene, acrylonitrile, sodium cyanide, acetonitrile, ammonium sulphate, and hydrogen peroxide; synthetic fibers including acrylic fibers, nylon filaments, spandex, spun yarns, and low-melting fibers; polyester fabrics and aramid fibers; founded in 1950 and headquartered at 310, Dongho-ro, Jung-gu, Seoul, South Korea. Taekwang Industrial operates manufacturing plants in Ulsan and facilities in China, serving industrial and consumer markets globally with 924 employees. In 2025, the company, through a consortium with T2 Private Equity, emerged as the preferred bidder to acquire a 63% controlling stake in Aekyung Industrial, a cosmetics and household goods manufacturer, for approximately 400 billion won to diversify into the K-beauty sector amid challenges in petrochemicals and textiles; it also established an investment subsidiary focused on beauty and plans expansions in real estate and energy.