SL Corporation

Company Profile

■URL

http://www.slworld.com/

■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.
 
-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
3,345,125
(80.1%)

Electrification Shift Lever Hyundai, Kia, GM, Ford Korea
US
Poland
484,756
(11.6%)
Others Molds - Korea
Poland
344,657
(8.3%)
Total 4,174,538
(100.0%)

Market Share by Product

(According to the Company)
Product FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020
Headlamp (%) 68.5 66.9% 66.9%

Shareholders

(As of Dec. 31, 2022)

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

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

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.

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%
Stanley Electric Co., Ltd. Apr.
2017
-Renewed 5-year contract on production technology for automotive lamps/
-Running royalty: JPY 30 million per year. annually.
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

 

>>>Business Report up until FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
>>>Business Report FY ended Dec. 31, 2016
>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
>>>Business Report FY ended Dec. 31, 2020
>>>Business Report FY ended Dec. 31, 2021

Note: A figure in brackets ( ) indicates a loss