Daenong Corporation is a comprehensive fiber company located in Cheongwon County. With over 60 years of history, it takes pride in being a leading fiber company in South Korea. The company aims to go beyond the Asian market and explore infinite markets worldwide. Under the slogan of "Quality, Speed, Creativity," Daenong promises to become a Global Best Partner by investing in continuous development and technological advancements in order to have a competitive edge in the production of yarn and clothing. The company plans to focus on maximizing production efficiency and creating high added value through new material development and aggressive marketing strategies. It also aims to establish a business structure that covers all aspects of fiber, from yarn to clothing, and expand its business through profitable new ventures. Daenong is committed to establishing a responsible management system and revitalizing its corporate culture through the establishment of an active and innovative corporate culture. By fostering a transparent and fair corporate culture, the company aims to improve its corporate quality and thrive in a rapidly changing market environment. Daenong believes that efficient communication networks and an open mind are the foundation for contributing to the happiness of humanity. Its vision is to lead the global fiber market as the "GLOBAL BEST PARTNER." The company's management policy includes business structure innovation and the establishment of a responsible management system, as well as the establishment of a transparent and fair corporate culture. The 2022 slogan is "Communication, Innovation," emphasizing the importance of communication and innovation. The core values of Daenong include a creative and unique mindset for the success of new business areas, continuous communication for harmonious integration of diverse organizations, and an open mind for various business approaches with new collaborative partners.
Basic Information
Key Executives
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CEO
Ownership Details
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92.4%
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0.2%
Subsidiaries
All Ways Corporation
100%
Daenong Textile Co.,Ltd.
100%
Shinyoung Asan-Tangjeong Development Co.,Ltd.
45%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KRW. Absolute financial data is included in the purchased report.
Net sales revenue
58.93%▲
Total operating revenue
58.93%▲
Operating profit (EBIT)
122.61%▲
Net Profit (Loss) for the Period
122.64%▲
Operating Profit Margin (ROS)
3.8%▲
Return on Equity (ROE)
10.7%▲
Debt to Equity Ratio
-55.2%▼