- CEO
- Hyuk-Bum Kwon
- Full Time Employees
- 100
- Sector
- Process industries
- Industry
- Pulp & paper
- Address
- 9, Seotan-ro Pyeongtaek-si GG South Korea 17953
- IPO Date
- Jul 3, 1996
- Business
- Blue Industrial Development Co., Ltd. (006740.KS), formerly Young Poong Paper Mfg. Co., Ltd., manufactures industrial paper boards primarily for paper core tubes and corrugated packaging applications in South Korea. The company produces core boards (CB series including CB-SH, CB-B, CB-CA, CB-CB, CB-CC, and CB-D grades with basis weights from 250-500 g/m2, emphasizing properties such as thickness, tensile strength, peel strength, burst strength, and compression strength) used in paper cores, tubes, fiber drums, film winding, and yarn bobbins for synthetic fibers, textiles, and papermaking; and liner boards (KAY, KAYH, SKP, KLB, K2, KAR coated and uncoated, and YPK grades with basis weights from 175-440 g/m2, focusing on color, moisture, water resistance, fold endurance, and burst strength) used as surface liners, back liners, and medium flutes in corrugated cardboard boxes and sheets for external packaging of goods including agricultural products. Operations are supported by two paper machines—a rotary multi-cylinder machine (No. 2, 300 tons/day capacity, 200-500 g/m2, 3,300 mm width) producing core boards and a single-wire multi-cylinder machine (No. 3 from Over Meccanica, 500 tons/day, 150-400 g/m2, 4,100 mm width) for both core and liner boards—with total annual sales of KRW 88.1 billion in 2024 from domestic and overseas markets; it also engages in real estate rental and operates a subsidiary, Yeongpoong Package, in Chungcheongbuk-do. Founded in 1970 and headquartered at 9 Seotan-ro, Jinwi-myeon, Pyeongtaek-si, Gyeonggi-do, South Korea, the company employs approximately 100 people and listed on the Korea Exchange in 1996. Recent developments include anticipation of KRW 8.5 billion in funding as announced in November 2025, alongside Daiyang Metal Co., Ltd.—its principal shareholder holding 13.68%—revising its stake sale schedule in October 2025.