- Business
- Poongsan Holdings Corporation Poongsan Holdings Corporation (005810.KS) serves as a holding company that manages its subsidiaries engaged in the production and sale of non-ferrous metals, defense products, and precision materials worldwide. Through key subsidiaries including Poongsan Corporation, Poongsan Special Metal Corporation, Poongsan Valinox, Poongsan Metal Service, and Hwadong Co., Ltd., it offers fabricated non-ferrous materials such as copper and copper alloy sheets, strips, tubes, rods, bars, wires, leadframe alloys, coin blanks, bi-metallic coins, copper-based roofing materials, steel strips, biobrass, titanium tubes, and stainless steel strips; defense products encompassing military ammunition, sporting ammunition, propellant powder, ammunition parts, and precision forging products; precision products like connector parts for electric and electronic industries, multi-gauge copper strips, precision dies, gauges, tools, and metal machinery; as well as services including copper bar slitting and sales of commemorative coins. The company operates primarily in South Korea with global exports of coin blanks to over 70 countries, targeting industries such as electronics, semiconductors, telecommunications, automotive, construction, shipping, machinery, and defense, from its headquarters in Seoul and manufacturing facilities in Incheon. Founded in 1968, Poongsan Holdings maintains strategic alliances with major defense contractors like Hyundai Rotem Co. and Hanwha Aerospace Co., while recently completing an equity buyback program in June 2025 that repurchased 124,953 shares for KRW 4.09 billion following authorization in April 2025, alongside reporting record-high defense revenue and 13% sales growth in 2024 driven by consistent copper division expansion.