Shinpoong Paper Mfg. Co., Ltd (002870.KS), now operating as Shinpoong Inc., manufactures and distributes paper products primarily for packaging applications in South Korea. The company produces and sells duplex board products used for packaging foods, electronic products, tissues, and other consumer goods; folding box board (FBB) for food boxes, inlays, and paper cups; machine glazed (MG) paper; uncoated cup stock (CUP); unbleached kraft liner for packaging paper; OBA-F paper for food boxes; wet tissue paper for wet wipes; coated paper and wood-free paper for books. Shinpoong Inc. sources papers from manufacturers in India, Japan, China, Korea, and the USA. The company targets industrial and consumer packaging markets domestically and historically established a local subsidiary in Los Angeles, US. Founded in 1960 and headquartered in Pyeongtaek-si, Gyeonggi-do, Republic of Korea, Shinpoong recently changed its name from Shinpoong Paper Inc. to Shinpoong Inc., shifted its core business to paper distribution and sales, discontinued whiteboard production, demolished its Pyeongtaek factory, and commenced operations at the Poseung Logistics Center.