Daedong Metals Co., Ltd.
KKRX:0204002,130.00
KRW
-130.00
(-5.75%)
ISIN
KR7020400008
Return %
Stock
S&P 500
1Y
-27.80
14.39
3Y
-51.37
81.42
5Y
-62.63
68.62
Capital Structure
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- Full Time Employees
- 128
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Daegu South Korea
- IPO Date
- Jul 30, 1993
- Website
- daedongmetals.co.kr
- Similar Companies
- Business
- Daedong Metals Co., Ltd. is a South Korea-based manufacturing enterprise specializing in the development, casting, and precision machining of iron components and hydraulic systems for industrial machinery, automotive, and agricultural sectors. Founded in 1987 and headquartered in Dalseong-gun, Daegu, South Korea, the company operates as a core manufacturing subsidiary of Daedong Corporation and trades on the KOSDAQ exchange. Daedong Metals produces a broad range of gray cast iron, ductile cast iron, and compacted graphite iron (CGI) components, categorized into engine and transmission castings such as cylinder blocks, cylinder heads, crankcases, clutch housings, bed plates, and transmission cases for agricultural equipment, commercial vehicles, and passenger automobiles; construction equipment and hydraulic components such as main control valve (MCV) blocks, hydraulic pump casings, axle housings, valve bodies, and shaft casings for excavators, forklifts, and industrial machinery; specialized engineered parts including castings for semiconductor manufacturing equipment, industrial vacuum pumps, defense equipment, and marine vessels; and advanced hydraulic solutions encompassing hydrostatic transmissions (HST), hydraulic pumps, control valves, and integrated electro-hydraulic units. The company serves global original equipment manufacturers and Tier-1 suppliers across South Korea, Japan, China, the United States, and Europe, maintaining client relationships with Daedong Corporation, Daedong Gear, Hyundai Motor Company, Kia Corporation, Hyundai WIA, KG Mobility, Volvo Group Korea, HD Hyundai Infracore, LS Mtron, Kubota Corporation, Kawasaki Heavy Industries, AxleTech, and Edwards. In recent strategic developments, Daedong Metals completed a 9 billion South Korean won capital increase via a third-party allotment to acquire a 94.7 percent controlling equity interest in Hydrotec Co., Ltd., formally integrating it as a consolidated subsidiary to establish a dual-track business structure spanning metal casting and hydraulic systems. The company is actively executing a strategic transformation to expand beyond traditional automotive and agricultural machinery into high-margin growth sectors, including robotics, smart mobility platforms, semiconductor hardware, and marine equipment, while partnering with research organizations like the Korea Institute of Materials Science (KIMS) to develop ultra-lightweight alloy materials and structural technologies for smart agriculture.