Inhwa Precision Co., Ltd. is a South Korea-based industrial manufacturing company primarily engaged in the development, production, and distribution of precision marine engine components, industrial metal forming machinery, fabricated metal structures, and automotive parts. Founded in 1999 and headquartered in Changwon-si, Gyeongsangnam-do, South Korea, the company operates an integrated manufacturing system covering welding, pipe fitting, steel fabrication, and high-precision CNC machining. Inhwa Precision conducts business across four core operating divisions: Marine Engine Parts, Metal Forming Machinery, Metal Structures, and Automotive Components. Its marine engineering portfolio comprises large-scale low-speed and medium-speed diesel engine casing and support structures, including cylinder covers; cylinder frames; bed plates; frame boxes; base frames; camshaft frames; and common beds, supplying tier-one shipbuilders and engine builders such as HD Hyundai Heavy Industries, Hanwha Engine, and HD Hyundai Marine Engine. The metal forming machinery division manufactures continuous dry wire drawing machines and related industrial wire equipment. The metal structures division produces heat exchangers for industrial boilers; pressure vessels; heat recovery steam generators (HRSG); suspension bridge structures; and rolling stock bogie frames. The company additionally produces precision automotive components through its consolidated subsidiary Daeyon Precision Co., Ltd., with auxiliary industrial machinery and structural fabrication conducted through subsidiaries Haedong Industry Co., Ltd. and Samhwan General Machine Industrial Co., Ltd. In recent developments, Inhwa Precision finalized the strategic divestiture of its substantial shareholding in HSD Engine (now Hanwha Engine) to Hanwha Impact in early 2024, reallocating capital into strategic investment vehicles including an additional KRW 45 billion commitment to the Socius No. 5 Corporate Financial Stability Private Equity Fund to support cargo aviation and logistics growth. Concurrently, the company adopted a corporate value enhancement roadmap and a multi-year shareholder return framework pledging at least 50% of consolidated operating profit toward dividends and share repurchases and cancellations, while expanding manufacturing automation and tooling capacity to capture surging global commercial shipbuilding orders.