- Business
- Dong Suh Companies Inc. (026960.KS) engages in the food, packaging, tea, logistics, and import-export businesses, importing, manufacturing, processing, marketing, and distributing a wide range of food products including vegetable cooking oils, palm oil, cheese, processed fruit and vegetable products such as whole kernel sweet corn, olives, tropical fruit cocktails, pickled cucumbers, strawberries, tomato paste, pickles, sausages, sauces, sugar syrups, condensed milk, and cookie powders; beverages encompassing juice cocktails, energy drinks, coffee creamer, and tea variants like black tea, corn tea, green tea, brown rice green tea, roundworm tea, and tea mixes; desserts, snacks, and cereals; as well as flexible packaging materials for food including films, containers, and ceramic products for oils and food storage; the company distributes products under brands such as Richis, Richs Valley Fresh, San Benito, Kraft, Mondelez, Red Bull, Ocean Spray, Tarra, Dongsuh Tea, Nalley, Diamond, Sun-Maid, Stewart & Jasper, 1883, Badoit, and Evian, primarily serving the Korean market through B2B channels including retail, hospitality, convenience chains, and office clients while exporting to various countries with a focus on premium and sustainable offerings. Founded in 1975 and headquartered at 10F Dongsuh Building, 546 Dohwa-dong, Mapo-gu, Seoul, South Korea, the company operates production facilities including its first factory in Banweol Industrial Complex since 1989 and Yongin Logistics Center completed in 2011, supporting domestic operations and global exports with rigorous quality controls evidenced by certifications such as HACCP for tea business in 2015, ISO 9001 for logistics in 2013, and HALAL for Middle East exports in 2013; it maintains cooperative relationships with international partners like Kraft Foods Inc. and Mondelez. Recent developments include upgrading to KOSPI listing from KOSDAQ in July 2016, completing the M&A of Seong-jae Development Inc. in August 2019, excluding DS ENG Inc. from affiliates in May 2019, adding Dongsuh Beverage as an affiliate in February 2011, venturing into sustainable packaging and expanding ready-to-drink portfolios alongside wellness-infused brews via its innovation lab, and achieving export milestones such as the 70 million dollars Export Tower Award in December 2017 and 50 million dollars in 2012.