- Business
- Youngwire Co., Ltd. (012160.KS) manufactures and sells steel wire products, including wire ropes such as general, paralleled, non-rotating, compact, swaged, cable laid, EV, and IP ropes; steel wires for beds, springs, and rolling products; control cables for machinery operations and automobiles; PC strands for nuclear power plants, railroad ties, bridges, bridge piers, and elevated roads; X-Bon products for concrete electric pole and pile reinforcing, building columns, bents, reinforcing ducts, piles, poles, hume piles, beams, sheet piles, and high-stressed piles; CD bars for OA and optical instruments, automotive and machinery parts, bolts, wrenches, tools, and springs; and IT wires for automobile suspension coil springs. The company also provides port and inland logistic services and exports its products to the United States, Europe, Asia, and other international markets. Founded in 1977 and headquartered in Boryeong-si, South Korea, Youngwire operates primarily in the steel industry, serving construction, automotive, infrastructure, and industrial sectors with facilities supporting distribution in key regions including China and the United States. In February 2025, the company divested its Vietnam subsidiary Young Wire Vina Company Limited to DSR Wire Corp for KRW 9.8 billion, following an agreement signed in October 2024, as part of strategic portfolio adjustments; it previously cancelled a planned acquisition of an additional 65% stake in Han Young Steel Wire Co., Ltd. in 2021.