PRIVATE COMPANY; YEAR ESTABLISHED: 1958
REVENUE: $700 million
Marine and container; Automotive coatings; Automotive refinish; General industrial coatings; Decorative coatings; Powder coatings
Chung Mong-Jin, chairman Chung Mong Ik, CEO; Yoo Sungki, executive director.
Korea Chemical Co., Ltd. is the largest paint producer in South Korea. The company is involved in the production of paints for automobiles, ships, containers, construction and industrial use. It also manufactures PVC material for flooring and paint sealant.
Paint for the marine market is the largest segment and accounted for 25 percent of sales. Automotive OEM sales amounted to 17 percent of sales; decorative coatings accounted for 15 percent; general industrial six percent; powder coatings six percent; auto refinish four percent; and the remainder of sales is not detailed.
Two products including anti-corrosion coatings for ships have been selected as World Class Products of Korea by the Korea Trade-Investment Promotion Agency (KOTRA) for 10 consecutive years. The products continuously selected since 2009 include anti-corrosion coatings for ships (Korepox EH2350) and ceramic material for vacuum circuit breakers (Vacuum Interrupter), as well as antifouling coatings for ships (Seacare A/F795) that has been selected for eight consecutive years dating back to 2011.
In particular, the anti-corrosion coatings for ships “Korepox EH2350” selected as World Class Products of Korea for 10 consecutive years. Moreover, ‘Vacuum Interrupter’ is a ceramic material for vacuum circuit breakers separating circuitry in case of normal load break of currents or accidents.
The antifouling coatings for ships “Seacare A/F795” selected as World Class Products of Korea for 8 consecutive years is a product that protects ships from marine life inhabiting the body of ships that sail for a long time and increases sailing efficiency, thereby conserving fuel usage.
KCC plans to improve product quality and actively meet customer demands through research and development of leading global products in various fields.