- Business
- Daehan Synthetic Fiber Co., Ltd. manufactures and sells polyester yarns and related synthetic fibers in South Korea and internationally. The company produces specialty polyester yarns including semi-dull, full-dull, bright, black and master-batch chip varieties, as well as regular polyester yarns, under the Acepora brand; it maintains integrated production facilities for raw materials, yarns, fabrics and fibers at plants such as its Ulsan Polyester Filament Factory. A subsidiary of Taekwang Group since 1975, Daehan Synthetic Fiber operates from its headquarters in Seoul with shipments recorded to markets including the United States via ports like Pusan. Founded on October 22, 1963 and Korea's first producer of polyester in 1968, the company focuses on functional and high value-added products amid competitive pressures from low-cost imports. In recent developments, Taekwang Group offers voluntary retirement programs at Daehan Synthetic Fiber to address operating losses of 1.5 billion won in the prior year due to raw material volatility and Chinese competition; it participates in the Acepora integrated brand encompassing polyester alongside Taekwang's spandex and nylon.