- CEO
- Jin-Yong Kim
- Full Time Employees
- 228
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Hwaseong-si South Korea
- IPO Date
- Jun 1, 2007
- Business
- PungKang Co., Ltd. is a South Korea-based automotive component manufacturer specializing in the engineering, cold forging, and production of high-precision metal fasteners and engineered assembly hardware. Founded in 1974 and headquartered in Hwaseong-si, Gyeonggi-do, South Korea, the company primarily serves global automotive original equipment manufacturers (OEMs) and tier-one suppliers, including Hyundai Motor Company, Kia Corporation, GM Korea, Renault Korea, KG Mobility, and Tata Daewoo Commercial Vehicle. The company's core product portfolio encompasses specialized automotive nuts, including wheel nuts, weld nuts, flange nuts, lock nuts, conical nuts, castle nuts, hexagon nuts, ring nuts, knurled nuts, flared nuts, and inverted nuts; precision cold-forged fasteners and industrial fastening assemblies; specialized metal components, including bushings, spacers, collars, and structural fittings for vehicle chassis, powertrain, and body assemblies; and specialized high-security and lightweight components, including anti-theft wheel lock nuts and high-tensile hardware. PungKang maintains automated manufacturing operations in South Korea supported by direct-delivery supply agreements and extends its international footprint through overseas entities, including Pungkang America Inc. in the United States and SPM Auto Parts in Mexico, to serve North American automotive assembly networks. In recent developments, PungKang has expanded its product development and manufacturing operations toward next-generation mobility by engineering high-strength, lightweight fastening solutions and specialized fasteners for electric vehicle (EV) battery pack enclosures and eco-friendly vehicle platforms. The company has also executed operational streamlining and administrative cost-containment initiatives across its production facilities to optimize manufacturing efficiency, enhance operating margins, and support expanding supply arrangements with domestic and global automotive partners.