SL Corporation

Company Profile

■URL

http://www.slworld.com/Global/index.asp

■Address

77 Gongdan 6-ro Jillyang-eup, Gyeongsan-si, Gyeongsangbuk-do, Korea

Business Overview

-Manufacture of automotive lamps, chassis parts, mirrors, and other automotive products.

Market Share by Product

(According to the Company)
Product FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Headlamp (%) 65.9 64.7 65.8

Shareholders

(As of Dec. 31, 2016)

Major Shareholders Interest Ratio (%)
Lee, Sung Yeop 23.97
Lee, Choong Kon 14.53
Lee, Seung Hoon 14.24
National Pension Service 7.54
Stanley Electric Co., Ltd. 5.00
Total 65.28

Products

Automotive lamps
-Head lamps
-Multi face reflector lamps
-Projection lamps
-Adaptive front lighting system Lamps
-Rear lamps
-LED rear lamps
-Fog lamps
-CHMSLs (Center High-Mounted Stop Lamps)

Chassis parts
-AT shifters
-MT shifters
-Park brake levers
-Brake pedals
-Fuel filler caps
-Spare tire carriers
-Tie rod ends

Mirrors
-Outside mirrors
-Inside mirrors
-ECM (Electronic Chromic Mirrors)
-ETC (Electronic Toll Collection mirrors)
-RCD (Rear Camera Display mirrors)
-ECM+ETC+RCD mirrors

Front End Modules

Electronics
-Blind spot systems
-Head up display systems

History

May. 1954 The Company was established.
Nov. 1968 The Company's name was changed to Samlip Industrial Co., Ltd.
Feb. 1981 The Company conducted technical collaboration on headlamps with Stanley Electrics of Japan.
Feb. 1986 The Company opened R&D center.
Mar. 1986 The Company established Sungsan Corporation as a joint-venture with GM of USA.
Mar. 1987 The Company formed technical alliance dealing with head lamps with Lucas Co., Ltd. of UK.
Dec. 1987 The Company established Samlip Electric Co., Ltd.
Nov. 1988 The Company was listed on the Korea Stock Exchange.
Apr. 1994 The Company established Seobong Industrial Co., Ltd.
Aug. 1995 The Company established a joint venture, KDS Co., Ltd., with Delphi of USA.
Sep. 1995 The Company acquired ISO9001 certification.
Dec. 1997 The Company acquired QS9000 certification.
Oct. 1999 The Company acquired a company and renamed it Seobong Tech Co., Ltd.
Apr. 2000 The Company acquired Seogu Industrial Co., Ltd.
Oct. 2000 The Company established Samlip America, Inc.
Jan. 2001 The Company acquired ISO14001 certification.
Apr. 2002 The Company established a Joint-venture S.H.B. Automotive Module Co., Ltd. with HBPO GmbH of Germany.
Nov. 2002 The Company established Shanghai Samlip Huizhong Automotive Components Co., Ltd. in China.
Jan. 2003 The Company established Beijing Samlip Automotive Lighting Ltd. in China.
May. 2003 The Company acquired ISO/TS16949 certification.
Jul. 2003 The Company established Samlip Alabama, LLC in USA.
Sep. 2003 The Company established Samlip Tennessee, LLC in USA.
Oct. 2003 Samlip America Inc. of the U.S.A. became a holding company.
Jan. 2004 The Company established Shiyan Dongfeng-Samlip Autolighting Co., Ltd. in China.
Nov. 2004 The Company's name was changed from Samlip Industrial Co., Ltd. to SL Corporation.
Nov. 2004 The Company renamed Sungsan Corporation "SL Sungsan Corporation".
Nov. 2004 The Company renamed Sam Lip Electric Machinery Co., Ltd. "SL Lighting Corporation".
Nov. 2004 The Company renamed Seobong Industrial Co., Ltd. "SL Seobong Corporation".
Nov. 2004 The Company renamed Seogu Industrial Co., Ltd. "SL Lightec Corporation".
Nov. 2004 The Company renamed Samlip America Inc. "SL America Corporation".
Nov. 2004 The Company renamed Alabama, LLC "SL Alabama, LLC".
Nov. 2004 The Company renamed Samlip Tennessee, LLC "SL Tennessee, LLC".
Mar. 2005 The Company established SL Asia Pacific Holdings Co., Ltd. in Hong Kong.
Mar. 2005 The Company established SL Yantai Auto Lighting Co., Ltd. in China.
Sep. 2006 The Company established SL-Hella Slovakia s.r.o in Slovakia.
Oct. 2007 The Company absorbed SL Tech Corporation.
Mar. 2009 The Company established Samlip GmbH in Austria.
Apr. 2010 The Company absorbed SL Sungsan Corporation.
Aug. 2012 The Company established SL Poland Sp. z o. o in Poland.
Mar. 2013 The Company received QSTP award from GM 17 years in a row.
Dec. 2014 The Company established SL Thailand Co., Ltd. in Thailand.
Mar. 2015 The Company established SL Corporation Assessoria Empresari in Brasil

Supplemental Information 1

Alliance

Company
(Country)
Date Remarks
General Motors Corporation
(USA)
Mar.
1986
-Established Sungsan Corporation on a 50-50 basis
-In Oct. 2004, SL Corporation made Sungsan Corporation a wholly-owned subsidiary.
-In Nov. 2004, Sungsan Corporation adopted a new corporate name, SL Sungsan Corporation.
-In Apr. 2010, SL Corporation absorbed SL Sungsan Corporation.
Delphi Corporation
(USA)
Aug.
1995
-Established K.D.S Co., Ltd. on a 50-50 basis.
Hella-Behr Fahrzeugsysteme GmbH
(Germany)
Apr.
2002
-Established S.H.B. Automotive Module Co., Ltd. on a 50-50 basis.
Shanghai Huizhong Automotive Mfg. Co., Ltd.
(China)
Oct.
2002
-Established a joint-venture Shanghai Samlip Huizhong Automotive Components Co., Ltd.

-Investment ratio
The Company : 60.0%
Shanghai Huizhong Automotive Mfg. : 40.0%
Hella KGaA Hueck & Co.
(Germany)
Jan.
2003
-Established a joint-venture Beijing Samlip Automotive Lighting Ltd.

-Investment ratio
The Company : 51.0%
Hella 49.0%
Dongfeng Industrial Co., Ltd.
(China)
Mar.
2003
-Established Shiyan Dongfeng-Samlip Autolighting Co., Ltd. on a 50-50 basis.
Hella Holdings s.r.o
(Slovakia)
Sep.
2006
-Established a joint-venture SL-Hella Slovakia s.r.o.

-Investment ratio
The Company : 51.0%
Hella Holdings : 49.0%
Stanley Electric Co., Ltd.
(Japan)
Apr.
2009
-Renewed licensing agreement for five years; for manufacturing technology on automotive lamps
-Running royalty of JPY 5.40 million yen per year

>>>Business Report up until FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015

Note: A figure in brackets ( ) indicates a loss