The world’s only company specializing in cryogenic insulation materialDongsung Finetec

System for the Future, Scale of Global No.1

Dongsung Finetec
creats a system for the future.


Since its establishment in 1985, Dongsung Finetec has grown into the company equipped with the world’s only cryogenic insulation integrated production system, starting with the polyurethane fine chemical business. Occupying about 60% of the global market for LNG cold insulation material, the company is operating polyurethane system, cryogenic insulation material, disaster prevention, and refrigerant businesses, and is operating more than 5 business sites in Korea and abroad.

Dongsung Finetec, which reads customers and leads the world, plans to reorganize its business units into shipbuilding, offshore/plant, and PU business with the spirit of constant challenge, to solidify its position as the world’s No. 1 in cryogenic material sector.

Dongsung Finetec has been supplying LNG cargo-hold related products and constructing thermal insulation and cold insulation products to domestic and foreign shipyards for more than 20 years for over 20 years, and is recognized for its excellence in technology and products, by supplying various insulation materials to onshore storage tanks including KOGAS production bases, as well as in Japan, and China.

It is also leading the eco-friendly new refrigerant sector by taking the lead in supplying Freon alternative refrigerant products and providing new technologies. Dongsung Finetec is striving to open a greater future by pioneering the global market with technologies that safeguard customers’ lives and assets and protect the precious value of the environment for the next generation.

  • C.E.O Yong-Seok Choe
  • Established on 1985. 8. 7.
  • Major ProductsPolyurethane system, cryogenic insulation material, disaster prevention material, refrigerant
  • Main Phone+82-31-677-7000
  • Business Sites
    • Main Office. 99, Sinsan-ro, Saha-gu, Busan, Korea
    • Ansung Plant 1. 120, Hyeopdonghanji-gil, Miyang-myeon, Anseong-si, Gyeonggi-do, Korea
    • Ansung Plant 2. 61, 1-gil industrial Complex Ⅱ,  Miyang-myeon, Anseong-si, Gyeonggi-do, Korea
    • R&D Center. 59, Hyeopdongdanji-gil, Miyang-myeon, Anseong-si, Gyeonggi-do, Korea
    • Gyeongsangnam-do. 22-5, Amni 3-gil, Samdong-myeon, Ulju-gun, Ulsan, Korea
    • Tongyeong . 9, Chunwon 1-ro, Gwangdo-myeon, Tongyeong-si, Gyeongsangnam-do, Korea

Stock Information
Financial Status

Balance Sheet Unit: million KRW


FY 2020Y FY 2021Y FY 2022Y
Total Assets 246,498 294,813 344,010
Current assets 128,036 178,475 225,835
non-current assets 118,462 116,338 118,176
Total Liabilities 136,729 152,771 195,395
Current liabilities 124,872 135,108 178,546
non-current liabilities 11,858 17,663 16,848
Total Assets 109,768 142,042 148,616

*K-IFRS – consolidated financial statements

Income Statement Unit: million KRW


FY 2020Y FY 2021Y FY 2022Y
Revenue 387,986 365,039 434,152
Operating profit 31,976 30,179 15,277
Net profit 21,278 26,464 8,422

*K-IFRS – consolidated statement of profits and losses

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