SeAH Besteel Corporation

Company Profile
Business Overview
Shareholders
Products
History
Supplemental Information 1

Company Profile

■URL

http://www.seahbesteel.co.kr/eng/main.jsp

■Address

28/29F Seah Tower, 45, Yanghwa-ro, Mapo-gu, Seoul

Business Overview

-The Company manufactures special steel products, auto parts, and railroad car wheels.

-The Company has the largest share of the carbon-alloy steel market in Korea.

-The Company was absorbed by SeAH Holdings in 2003 and adopted the current corporate name. (The Company was called Kia Steel Co., Ltd. before the merger.)

-The Company's axles are used in the Kia Sorento, Carnival, Retona, Bongo3, and Bongo3 buses.

Shareholders

(As of Dec. 31, 2019)

Main Shareholders	Interest Ratio (%)
SeAH Holdings Corp.	58.94
SeAH Steel Corp.	6.03
Total	64.97

Products

Steel for Engine
-Crank shaft steels
-Connecting rod steels

Steel for Transmission

Steel for Chassis
-CV-Joint steel
-Bearing steel

Axle
-Front Driving Differential Assembly
-Rear Axle Assembly
-Axle Housing

History

1955	The Company was established.
1958	The Company completed the construction of a plant for making small metal rolling products.
1978	The Company launched commercial production of casting products.
1982	The Company launched commercial production of special steel parts.
1986	The Company was absorbed by the Kia Motors Group and launched operations in the auto parts production business.
1989	The Company opened its R&D center
1990	The Company adopted a new corporate name, Kia Steel Co., Ltd.
1991	The Company was listed on the Korea Stock Exchange
1993	The Company moved its headquarters to Gunsan.
1993	The Company completed the first phase of the construction project at the new plant in Gunsan.
1994	The Company completed construction of a rear axle assembly plant.
1995	The Company completed the second phase of the construction project at the new plant in Gunsan.
1995	The Company acquired ISO9002 certification.
1997	The Company completed construction of a comprehensive manufacturing facility to produce parts made of special steel.
2000	The Company opened its R&D Reliability Assessment Center.
2003	The Company was absorbed by the SeAH Group.
2004	The Company adopted a new corporate name, SeAH Besteel Corp.
2005	The Company acquired ISO/TS16949 certification.
2006	The Company acquired ISO14001 certification.
2011	Steel production capacity reached 2.5 million tons: 2.2 million tons of special steels; and 300,000 tons of forged steels.
2011	The Company moved its auto parts production lines from Gunsan, Jeollabuk-do to Gimje.
2012	Transferred its headquarters to Seoul Special City.
2013	Launched commercial production at Plant No. 2 in Changnyeong.
2014	The Company acquired 52.3 percent of POSCO Specialty Steel Co., Ltd. shares from POSCO.
2016	Established SeAH Global Inc., a sales corporation in the USA.
2018	The Company established SeAH Global Thailand in Thailand.