SeAH Besteel Corporation Business Report FY ended Dec. 2018

Business Results (FY Ended in Dec. 2018)

(In 100 millions of won)
Business Division Special Steel Automotive Parts Total
Total Sales 2,015.9 26.5 2,042.4
Korea Domestic 1,530.1 15.0 1,545.0
Export 485.8 11.5 497.3
Operating income 12.4 0.7 13.1
Market Share 44.2%

business alliance

-The Company announced in May 2018 that it is acquiring 35% of the stock shares in Sechang Steel, an auto-parts maker based in South Korea. This current stock purchase is based on a strategic, business alliance that the two companies formed to collaborate in various business sectors and jointly develop technologies. The business alliance is aimed to enable both companies to expand their businesses globally. Sechang Steel is based in Jeongeup City, North Jeolla Province and manufactures seamless pipesfor automotive use.


R&D Expenditure

(in million KRW)
FY ended Dec. 31, 2018
FY ended Dec. 31, 2017
FY ended Dec. 31, 2016
Amount 7,230 7,237 7,529
% of sales 0.4% 0.4% 0.5%