Cheryong Industrial Co.,Ltd. (South Korea)

Cheryong Industrial Co., Ltd. is a manufacturing and sales company based in Seoul. It was established on November 1, 2011, through a company split from the existing Cheryong Industrial Co., Ltd. (now Cheryong Electric Co., Ltd.). The company focuses on the production and sale of transmission materials, distribution materials, underground line materials, communication equipment materials, and railway materials. Cheryong Industrial Co., Ltd. aims to provide high-quality products and services in the metal and synthetic resin sectors, based on its market dominance and accumulated technological expertise. The company has overcome numerous challenges and constantly sought future management directions and growth strategies over the past 30 years. Through the company split, it aims to maximize shareholder benefits, enhance the company's technical expertise, expand sales, and provide greater rewards to its customers. The newly established Cheryong Industrial Co., Ltd. promises to strive for visible management achievements by focusing on the successful commercialization of the metal and synthetic resin business sectors. The company's employees pledge to enhance management efficiency through the concentration of the metal and synthetic resin business, predict and prevent investment risks, minimize management risks, and strengthen business competitiveness through the efficient allocation of management resources. They also aim to establish a decision-making system suitable for the nature of the business, facilitate the establishment of a rational performance evaluation system, and establish a system for employee morale and responsible management. Additionally, the company plans to specialize its business sectors to quickly respond to market environments and regulatory changes, and develop into a company that receives greater trust and love from customers and the market.