SL Corporation

Company Profile

■URL

https://www.slworld.com/index_eng.php

■Address

32, Geomdangongdan-ro, Buk-gu, Daegu, Korea

Business Overview

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

-Introduced technology based on partnership agreements formed with Hella, Stanley Electric, Aptiv and others.

Business division	Products	Customer	Location	Sales (in KRW million)
Lamp	Head Lamp, Rear Lamp, HMSL, High (Mounted Stop Lamp), Fog Lamp	Hyundai, Kia, GM, Geely, Dongfeng Motor	Korea US India China Brazil	3,891,310 (80.4%)
Electrification	Shift Lever	Hyundai, Kia, GM, Ford	Korea US Poland	528,767 (10.9%)
Others	Mirrors, dies, electronic products	-	Korea Poland	418,770 (8.7%)
Total				4,838,847 (100.0%)

Market Share by Product

(According to the Company)

Product	FY ended Dec. 31, 2023	FY ended Dec. 31, 2022	FY ended Dec. 31, 2021
Headlamp (%)	66.4	68.5	66.9%

Shareholders

(As of Dec. 31, 2023)

Major Shareholders	Interest Ratio (%)
Lee, Sung Yeop	26.46
Lee, Choong Kon	14.68
Lee, Seung Hoon	11.74
National Pension System	8.08
Stanley Electric Co. Ltd	7.01

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Products

Lamp Systems
Headlamps
-Adaptive Driving Beam (ADB)
-Projection Type Head Lamp
-MFR Type Head Lamp
-Low ＆ High Beam
-Bi function

Rear lamps
-FUll LED R/C
-LED + Bulb Type

Fog lamps / CHMSL
-Fog Lamp
-Center High Mount Stop Lamp

Electronic Systems
Auto Lever
-H-Matic Type
-Straight type
-Steptronic type
-Common core type

MT Lever
-Cable type
-Rod type

e-shifter
-Joystick type
-Rotary type
-Button type
-Column type
-Sphere type

Actuator for Shift By Wire
-SBW Control Unit
-Gen1 Actuator
-Gen2 Actuator
-Gen2.5 Actuator

Charge Port Door

Pedals
-Accelerator pedal
-Brake pedal
-Clutch pedal

Others
-Wireless Charger Modules
-Fuel filler caps
-IBS
-Carrier-Spare Tire

Mirrors
Outside mirrors

Inside mirrors

Camera Monitor System

Front End Modules
Active air flap

ADAS
-Around View Monitoring (AVM)
-Head Up Display (HUD)

Electronics
-Side Body Control Module
-Battery Management System
-Sensor integrated application

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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.
Sep. 2017	The Company established Chongqing Qiachuan Samlip Automotive Lighting Ltd. in China.
Nov. 2017	The Company established SL AP Private Limited in India.
Dec. 2019	The Company acquired 50 percent of the equity in HSL Electronics Corporation.
Jan. 2020	The company Acquired HSL Electronics Corporation.
May 2022	Acquired 51% of the stock shares in SL Mirrortech, making it a subsidiary

Supplemental Information 1

Alliance

Company (Country）	Date	Remarks
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.
Chongqing Qinchuan Industry Group （China）	Apr. 2017	-Established a joint-venture Chongqing Qiachuan Samlip Automotive Lighting Ltd. -Investment ratio The Company : 50.0% Chongqing Qinchuan Industry Group : 50.0%
Honghu People’s Government and Shiyan Dongfeng-Samlip Auto lighting Co., Ltd.	Nov. 2017	-Established joint venture to manufacture automotive lamps. -The Company invested 50% and Shiyan Dongfeng-Samlip Auto Lighting Co., Ltd. invested 50%.
Shiyan Dongfeng-Samlip Auto lighting Co., Ltd.	Jan. 2018	-Established Hubei SL Automotive Lighting Co., Ltd. as a joint venture. -The Company invested 50% and Shiyan Dongfeng-Samlip Auto Lighting Co., Ltd invested 50%
PT. B.S. Indonesia (Indonesia)	Jun. 2020	-5-year contract to transfer production technology -Running royalty: 3% of sales amount
Stanley Electric Co., Ltd.	Apr. 2022	-Renewed agreement on automotive-lamp technology for three years. -Running royalty is JPY 15 million annually.