- Full Time Employees
- 165
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Busan South Korea
- IPO Date
- Jun 19, 1995
- Business
- Hankuk Steel Wire Co., Ltd. is a South Korea-based company primarily engaged in the manufacturing, processing, and distribution of specialized steel wire products, wire ropes, and precision engineering components. Founded in 1974 and headquartered in Busan, South Korea, the company operates production facilities across South Korea, including plants in Busan and Pohang, serving domestic and international markets across the Asia-Pacific, North America, Europe, and the Middle East. Its comprehensive product portfolio comprises wire ropes for elevators, tower cranes, maritime vessels, commercial fisheries, mining operations, and suspension bridge infrastructure; galvanized steel wires and strands utilized in aluminum conductor steel-reinforced (ACSR) cables, overhead ground wires, optical ground wires (OPGW), and subsea telecommunications cable armoring; stainless steel wires engineered for precision industrial springs, cold-heading fasteners, woven wire mesh, spoke wire, and automotive control cables; and hard-drawn steel wires, piano wires, and specialized shaped wires for high-tension mechanical applications. Through its consolidated subsidiary, Hanseon Engineering Co., Ltd., the company also manufactures instrumentation valves, pipe fittings, and high-pressure fluid control systems utilized in shipbuilding, offshore oil and gas platforms, semiconductor manufacturing facilities, and clean energy applications. In recent developments, Hankuk Steel Wire has accelerated its strategic expansion into high-value-added, eco-friendly industrial markets, advancing the development of specialized ultra-high-strength, corrosion-resistant wire ropes tailored for offshore wind turbine installations and next-generation subsea power transmission. Concurrently, following the public listing and business expansion of Hanseon Engineering, the company has broadened its footprint in clean energy infrastructure by supplying advanced instrumentation fittings and manifold valves for hydrogen refueling stations, fuel cell systems, and liquefied natural gas (LNG) transport vessels, while upgrading its domestic manufacturing operations with automated smart factory technologies to enhance production efficiency and meet stringent international quality standards.