- Business
- Wellbiotec Co., Ltd. manufactures and sells leather products primarily for automotive, footwear, and fashion applications in South Korea and internationally. The company produces nappa, naked, soft, waterproof, gore-tex, nubuck, chrome, non-chrome, and grain leathers for handbags, shoes, car seats, steering wheels, handle covers, baseball gloves, and belts; it supplies these materials to brands including Coach, Tumi, Juicy, Victorinox, Brighton, Timberland, Foot Joy, Stride Rite, Honda, Acura, Suzuki, and Toyota. Wellbiotec also develops and sells medicines, health functional foods, protection products, diagnosis kits, and cosmeceuticals; provides logistics services such as consulting, transportation agency, customs clearance, insurance, and storage; and engages in import-export, rare earth minerals, EV chargers, polydeoxyribonucleotide substances extracted from salmon semen, and food and beverages businesses through subsidiaries. Founded in 1975 and headquartered at 5/F, Gyeongjin Building, 17 Yeongdong-daero 106-gil, Gangnam-gu, Seoul, South Korea, the company operates across logistics, bio, retail, and leather divisions with sales in South Korea, other regions, and previously China. Wellbiotec, formerly YBROAD Co., Ltd., agreed to acquire an additional 3.94% stake in Nokwon C&I Corp. from SPR Partners Co., Ltd. and Zeus Asset Management Co., Ltd.; it acquired 35 billion won worth of Geumyoung ENG and started a clean room business; and reported first-quarter 2025 earnings while cancelling a prior 2021 transaction.