- CEO
- Dong-Wuk Gang
- Full Time Employees
- 303
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Busan South Korea
- IPO Date
- Nov 26, 2020
- Business
- CHEIL ELECTRIC CO.,LTD. (KRX: 199820), formerly known as Cheil Electric Appliance Co., Ltd., is a South Korea-based electrical equipment manufacturer specializing in the engineering, production, and distribution of residential, commercial, and industrial power management and smart home solutions. Founded in 1955 and headquartered in Busan, South Korea, the company operates across the electrical components, smart home systems, and mobility distribution sectors. Its primary product and service offerings comprise wiring appliances, including smart touch switches, integrated lighting switches, energy-saving standby power cutoff outlets, and IoT-connected wall receptacles; circuit protection equipment, including molded case circuit breakers (MCCBs), earth leakage circuit breakers (ELCBs/GFCIs), arc fault circuit interrupters (AFCIs), smart distribution panelboards, and magnetic switches; custom printed circuit board assemblies (PCB Assys) designed for intelligent breaker systems; electric vehicle (EV) charging solutions; and automotive electrical components, including wire harnesses and low-voltage distribution assemblies. CHEIL ELECTRIC primarily serves residential construction contractors, commercial infrastructure developers, industrial facility operators, automotive manufacturers, and global electrical original equipment manufacturers (OEMs). The company distributes its products domestically across South Korea and exports internationally, with significant market exposure in North America and Southeast Asia. In recent developments, the company officially changed its corporate name to CHEIL ELECTRIC CO.,LTD. in March 2024 to reflect its strategic expansion into ICT-integrated energy technologies and smart building systems. In May 2024, the company completed the acquisition of automotive wiring harness manufacturer Jabez Korea Co., Ltd. to enter the electric vehicle and mobility component supply chains. Furthermore, CHEIL ELECTRIC expanded its international manufacturing footprint by acquiring a production facility site in Vietnam in 2024, advanced commercialization of its proprietary smart AFCI technology, and expanded its long-term strategic supplier partnership with Eaton Corporation for the exclusive supply of smart circuit breaker PCB assemblies to the North American market.