DAE-IL Corp.
KKRX:0922004,560.00
KRW
-110.00
(-2.36%)
ISIN
KR7092200005
Return %
Stock
S&P 500
1Y
-6.17
13.14
3Y
-12.31
80.78
5Y
-17.54
67.74
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Jung-Ryul Kim
- Full Time Employees
- 695
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- 630, Bonggea-Ri Ulsan UL South Korea
- IPO Date
- Oct 19, 2007
- Website
- dicorp.co.kr
- Similar Companies
- Business
- DAE-IL Corporation is a South Korea-based manufacturer specializing in automotive parts, primarily producing gears and shafts for power transmission systems used in light passenger vehicles and heavy equipment. Its core product portfolio includes 6-speed sun gears; 7-speed and 8-speed dual clutch transmissions; clutch shafts; planet carrier shafts; oil pump gears; reaction shaft assemblies; transaxle and drive axle assemblies; and complete gearboxes and differential assemblies. The company also has capabilities in manufacturing electric vehicle reducers and electric automobiles, motorcycles, and trucks. DAE-IL serves major automotive markets globally, including South Korea, the United States, Germany, China, Iran, and Japan, with a focus on both original equipment manufacturing and supplying assembly components to leading automotive manufacturers such as GM, Tesla, Hyundai, and Kia. Founded in 1976 and headquartered in Ulsan, South Korea, DAE-IL operates advanced manufacturing facilities and has expanded its global footprint with a $50 million production plant established in Murray, Kentucky, USA, to better serve its North American customers. Recent strategic developments include the opening and operational expansion of the Murray, Kentucky facility, which aims to manufacture various gears for internal combustion engine vehicles and increasingly focus on products for electric vehicles, signaling a strategic shift towards electrification in the automotive industry. This facility will also produce gearboxes and differential assemblies, enhancing DAE-IL's product range and positioning in the powertrain component market. The company continues investing in growth and expects annual sales of approximately $100 million from this U.S. operation within six years. Additionally, DAE-IL has maintained its role as a key supplier for globally recognized automotive companies, leveraging strong partnerships and strategic collaborations to advance its market reach and product development pipeline. DAE-IL Corporation operates primarily within the automotive parts industry, focusing on transmission and drivetrain components for passenger vehicles and heavy equipment. It targets automobile manufacturers and heavy equipment producers across multiple regions, including Asia, North America, and Europe. The company employs over 700 people and combines technological expertise with scalable manufacturing capabilities to meet rising global demand for automotive powertrain systems, including components tailored for electric vehicles. This comprehensive manufacturing and supply chain presence, alongside recent strategic investments in U.S. facilities designed for electric and conventional vehicle component production, underscores DAE-IL Corporation's commitment to innovation and expansion in the evolving global automotive industry landscape.