Higen Motor
Higen Motor is a South Korean, KOSDAQ-listed industrial motor manufacturer founded in 1963 that produces explosion-proof, high-voltage, vector, spindle, and servo motors plus drives for B2B industrial OEM customers in heavy industry and factory automation.
- Company typePrivate
- Founded1963
- HeadquartersSeoul, South Korea
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Higen Motor does
Higen Motor is a South Korea-based, KOSDAQ-listed industrial motor manufacturer founded in 1963 and headquartered in Seoul. The company produces a specialized portfolio that includes explosion-proof motors, high-voltage motors, vector motors, spindle motors, servo motors, and drives, serving B2B industrial customers that require motors for machinery, automation, and hazardous-environment applications. Its product range spans precision motion components (spindle and servo motors) typically embedded in CNC machinery and factory automation lines, as well as heavy-duty units (explosion-proof and high-voltage motors) used in petrochemical, mining, and energy infrastructure.
The company's revenue model is industrial B2B equipment sales, with products sold either as standalone units or integrated into OEM machinery. With 101–250 employees, Higen Motor is a small-cap industrial player. Financial disclosures — which appear to be denominated in Korean Won despite dollar labels in the source — show revenue of approximately 50.96 trillion KRW in 2025 (~$37M USD at prevailing rates), down from ~71.55 trillion KRW in 2021, a ~29% top-line decline over four years. Gross profit has compressed sharply, falling from ~9.05 trillion KRW in 2022 to ~2.05 trillion KRW in 2025, while operating income and net income both turned negative in 2024 and deteriorated further in 2025, indicating severe margin pressure rather than a stable mature business.
Pricing and customer information is not disclosed in available sources. The combination of a niche specialty product portfolio, six-decade operating history, and public listing on KOSDAQ (ticker 160190) provides some institutional credibility, but the absence of disclosed go-to-market strategy, named customers, or product pipeline data limits deeper strategic visibility.
Higen Motor firmographics
Firmographics- Name
- Higen Motor
- Website
- https://higenmotor.com
- Company type
- Private
- Founded year
- 1963
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Higen Motor is a South Korean, KOSDAQ-listed industrial motor manufacturer founded in 1963 that produces explosion-proof, high-voltage, vector, spindle, and servo motors plus drives for B2B industrial OEM customers in heavy industry and factory automation.
- Ownership category
- akta.pro rank
Higen Motor industry classification
Industry- Product category
- Industrial Electric Motors
- NAICS
- Motor and Generator Manufacturing (335312)
- SIC
- Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- AC Motors (Induction, Synchronous) (IMAGACAA)
- akta.pro secondary industries
- Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors) (IMAGACAL), Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ), DC Motors (Brushed, Brushless DC) (IMAGACAB)
Keywords
Where Higen Motor is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Markets served
Higen Motor business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Higen Motor product offering
Product offeringCore offering
Higen Motor manufactures and sells a range of industrial electric motors, including explosion-proof motors, high-voltage motors, vector motors, spindle motors, servo motors, and motor drives. These products are designed for industrial and hazardous-environment applications requiring precision motion control and reliable power conversion.
Product overview
No product information available in the source data. The source provides only a URL (https://www.higenrnm.com/kr/) without any content describing Higen Motor's products or services.
Differentiator
Problem solved
Functional benefit
Products and services
- Explosion-proof motors
Companies that use Higen Motor
Customer profileIdeal customer profiles1 record
Higen Motor technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Higen Motor partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights1 record
Higen Motor competitors and assessment
Company assessmentBroad incumbents
- ABB: ABB is a global leader in industrial motors, drives, and motion control across multiple segments. It overlaps with Higen Motor across AC motors, servo systems, and drives, but operates at vastly greater scale and global reach.
- Siemens: Siemens offers SIMOTION, SINAMICS drives and a broad industrial motor portfolio through its Digital Industries business. Comparable to Higen as a multi-product motion-control supplier, though vastly larger and more diversified.
- Regal Rexnord: Regal Rexnord manufactures industrial motors and power transmission products for commercial and industrial markets. Comparable to Higen in industrial motor offerings, though with a broader portfolio and greater scale.
Direct peers
- WEG: WEG is one of the world's largest manufacturers of industrial electric motors, including explosion-proof and high-voltage motors. Its product portfolio directly overlaps with the bulk of Higen Motor's offerings.
- Nidec Corporation: Nidec is a major global manufacturer of motors, including industrial AC, servo, and high-speed spindle motors. Directly competes with Higen Motor across multiple product lines in motion control.
- Yaskawa Electric: Yaskawa is a leading servo motor and motion controller manufacturer. Directly comparable to Higen's servo motor and drive offerings for industrial automation customers.
- Delta Electronics: Delta manufactures industrial drives, servo motors, and motion control systems globally. Directly overlaps with Higen Motor's drives and servo motor product lines for industrial automation customers.
Regional players
- TECO Electric & Machinery: TECO is a major Asian motor manufacturer with strong presence in industrial AC motors, drives, and high-voltage motors. Comparable product portfolio to Higen, primarily oriented to APAC markets.
- LS Electric: LS Electric is a Korean industrial electric equipment and motor manufacturer with overlapping offerings in AC motors and drives. Based in the same domestic market as Higen, making it a head-to-head regional competitor.
- Hyundai Electric: Hyundai Electric manufactures industrial motors, high-voltage motors, and power equipment. Directly comparable product offerings within the Korean domestic industrial market alongside Higen Motor.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Higen Motor social profiles
Digital presenceHigen Motor financial estimates
Financial estimateRevenue estimate
Valuation estimate
Higen Motor leadership team
Management profileNumber of profiles
Higen Motor funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Higen Motor M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Higen Motor
What does Higen Motor do?
Higen Motor manufactures and sells a range of industrial electric motors, including explosion-proof motors, high-voltage motors, vector motors, spindle motors, servo motors, and motor drives. These products are designed for industrial and hazardous-environment applications requiring precision motion control and reliable power conversion.
When was Higen Motor founded?
Higen Motor was founded in 1963. It employs 101 to 250 people.
Where is Higen Motor based?
Higen Motor is headquartered in Seoul, South Korea, in the Asia region.
Who are Higen Motor's main competitors?
Broad incumbents on record are ABB, Siemens and Regal Rexnord. Direct peers are WEG, Nidec Corporation, Yaskawa Electric and Delta Electronics. Regional players are TECO Electric & Machinery, LS Electric and Hyundai Electric.
Does Higen Motor have an API?
No public API is recorded for Higen Motor.
What industry is Higen Motor in?
Higen Motor's product category is Industrial Electric Motors. Its primary akta.pro industry code is IMAGACAA, AC Motors (Induction, Synchronous), with a secondary code of IMAGACAL, Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors). Its NAICS code is 335312 and its SIC code is 3621.