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
    • Anseong Plant 1. 120, Hyeopdongdanji-gil, Miyang-myeon, Anseong-si, Gyeonggi-do, Korea
    • Anseong 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 2021Y FY 2022Y FY 2023Y
Total Assets 294,813 344,010 364,280
Current assets 178,475 225,835 229,757
non-current assets 116,338 118,176 134,522
Total Liabilities 152,771 195,395 195,423
Current liabilities 135,108 178,546 185,158
non-current liabilities 17,663 16,848 10,265
Total Assets 142,042 148,616 168,857

*K-IFRS – consolidated financial statements

Income Statement Unit: million KRW


FY 2021Y FY 2022Y FY 2023Y
Revenue 365,039 434,152 531,409
Operating profit 30,179 15,277 37,340
Net profit 26,464 8,422 28,746

*K-IFRS – consolidated statement of profits and losses

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