Samyoung M-Tek
Samyoung M-Tek is a South Korea-based industrial casting manufacturer founded in 1997 that produces seismic isolation bearings, expansion joints, ship engine components (MBS), steel structures, and wind power gearbox parts for Korean and global shipbuilders, infrastructure contractors, and power generation customers.
- Company typePublic
- Founded1997
- HeadquartersGyeongsan, South Korea
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Samyoung M-Tek does
Samyoung M-Tek Co., Ltd. (삼영엠텍) is a South Korea-based industrial casting and precision manufacturing company founded in October 1997 as a spin-off from Samsung Heavy Industries. Listed on KOSDAQ since 2001 under ticker 054540, the company operates through two business divisions: an E&C (Engineering & Construction) division producing seismic isolation bearings (LRB, CSD, ESD, HDRB, Pendulum, EDD), vibration dampers (SMCB), and a comprehensive family of bridge expansion joints; and a Material Business division producing Main Bearing Supports (MBS) for large marine and power-generation diesel engines, steel structural components for bridges and public infrastructure, ship parts, industrial machinery components, and wind power gearbox parts. The MBS product carries the Korean government's 'World-Class Product' designation. Manufacturing is performed at three domestic factories in Haman-gun, South Gyeongsang Province, and at a wholly-owned Chinese subsidiary, DSD (Dalian Samyoung Dusan Metals Products Corp., operational since 2009), with a separate Seoul-area sales office for domestic and international coordination.
The company's revenue is generated primarily through negotiated multi-year supply contracts with a concentrated base of large enterprise customers — most prominently Korean shipbuilders HD Hyundai Heavy Industries, Hanwha Engine, STX Engine, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering — and with government/public-sector infrastructure buyers including Korea Expressway Corporation and Korea Railway Facilities Agency. Pricing is bilaterally negotiated with no public list, and supply contracts are disclosed through KOSDAQ when they exceed significant thresholds. More than 50% of revenue is derived from exports to Japan, Europe, and the United States, including large contracts with German (Autotech GmbH), Turkish, and American customers, and the company has obtained manufacturing/vendor certifications from Rolls-Royce, Liebherr, NOV, MAN B&W, MHPS, Haerbin Turbine, and Remazel, plus factory approvals from all major maritime classification societies (ABS, BV, DNV GL, KR, LR, NK, CCS, RINA, RS) and EN 1090/EN 10340 from TÜV Rheinland for European construction market access.
SamYoung M-Tek sells primarily through direct enterprise field sales and public procurement channels rather than resellers, with international expansion supported by the Dalian subsidiary and OEM certifications. As of January 2026, leadership comprises CEO Kang Moon-sik (appointed October 2021) and Managing Director Hong Byeong-guk of the DSD subsidiary. The company continues to receive Korean government recognition, including a Deputy Prime Minister for Economy commendation in July 2026, and was previously designated one of the 'Good Root Companies to Work For' by the Ministry of Industry in 2022.
Samyoung M-Tek firmographics
Firmographics- Name
- Samyoung M-Tek
- Legal name
- Samyoung M-Tek Co., Ltd. (삼영엠텍 주식회사)
- Website
- https://symtek.co.kr
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Samyoung M-Tek is a South Korea-based industrial casting manufacturer founded in 1997 that produces seismic isolation bearings, expansion joints, ship engine components (MBS), steel structures, and wind power gearbox parts for Korean and global shipbuilders, infrastructure contractors, and power generation customers.
- Ownership category
- akta.pro rank
Samyoung M-Tek industry classification
Industry- Product category
- Industrial Cast Steel Components and Seismic Isolation Systems
- NAICS
- Ship Building and Repairing (336611), Fabricated Structural Metal Manufacturing (332312)
- SIC
- Ship & Boat Building & Repairing (3730), Fabricated Structural Metal Products (3440)
- akta.pro primary industry
- Shipbuilding Castings & Forgings (Rudders, Stern Frames, Shafts) (IMAJAKAG)
- akta.pro secondary industries
- Bridge & Infrastructure Steel Components (IMADACAL), Steel Plate, Sections & Welded Assemblies (IMADACAD)
Keywords
Where Samyoung M-Tek is headquartered
LocationHeadquarters
- HQ city
- Gyeongsan
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
Samyoung M-Tek business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Industrial Casting Components Sales: Samyoung M-Tek generates revenue through manufacturing and selling cast metal structural components for ship engines, industrial machinery, bridges, and power generation. Revenue is primarily generated through negotiated supply contracts with major shipbuilding companies, power generation firms, and infrastructure contractors. Over 50% of revenue comes from exports to Japan, Europe, and the United States.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B contract-based pricing for enterprise customers |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Samyoung M-Tek product offering
Product offeringCore offering
Samyoung M-Tek manufactures cast steel structural components for ship engines, bridges, infrastructure, and industrial machinery. The E&C Business Division produces seismic isolation bearings, seismic-resistant bearings, vibration dampers, and bridge expansion joints. The Material Business Division produces Main Bearing Supports (MBS) for large marine and power generation diesel engines, steel structures for bridges and buildings, ship components, industrial machinery parts, and wind power gearbox components. Products are sold to shipbuilders, power generation companies, infrastructure contractors, and wind turbine manufacturers through negotiated supply contracts.
Product overview
Samyoung M-Tek operates as an industrial materials manufacturer with two main business divisions: the E&C (Engineering & Construction) Business Division and the Material Business Division. The E&C Division produces seismic isolation and anti-seismic products including LRB, CSD, ESD, HDRB, Pendulum, and EDD bearings, SMCB dampers, and various expansion joint systems (SYFR, SYCF, SYIF, SYR, SYCRMJ, SYCRFJ, SYSTM, SYREAL, MAS). The Material Business Division manufactures main bearing supports (MBS) for marine and power generation engines, steel structures for bridges and infrastructure, ship components, industrial machinery parts, and wind power gearbox components. The company was spun off from Samsung Heavy Industries in 1997 and serves major customers including HD Hyundai, Hanwha Engine, STX Engine, and global wind turbine manufacturers.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Products designated as 'World-Class Product' with international market recognition
- +2 more outcomes
Companies that use Samyoung M-Tek
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
Samyoung M-Tek technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
Samyoung M-Tek partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DSD (Dalian Samyoung Dusan Metals Products Corporation) - 대련삼영두산금속제품유한공사coreWholly-owned subsidiary in China established with ground-breaking ceremony in 2005 and completion in 2009. DSD factory provides manufacturing capabilities for international markets and serves as the company's China operations base.
Scale indicators17 records
Recent moves11 records
Expansion highlights6 records
Samyoung M-Tek competitors and assessment
Company assessmentBroad incumbents
- SeAH Steel Holdings Corp. Larger Korean steel conglomerate with shipbuilding, energy, and engineering steel products. Broader incumbent comparable to Samyoung's structural steel and industrial machinery parts lines, though SeAH's scale and product breadth exceed Samyoung's specialization in castings and bearings.
- Doosan Enerbility Co., Ltd. Korean heavy industrial company with power generation, wind turbine, and cast component businesses. Overlaps with Samyoung's wind power gearbox and power generation components but operates at much larger scale across broader end markets, making it an incumbent rather than direct peer.
Direct peers
- Taylor Devices, Inc. US designer and manufacturer of shock absorbers, seismic dampers, and structural protection devices. Closely comparable to Samyoung's SMCB damper and seismic energy dissipation device (EDD) products, with overlap in structural damping technology.
- Kawakin Core-Tech Co., Ltd. Japanese manufacturer of seismic isolation bearings, dampers, and expansion joints for bridges and buildings. Highly comparable to Samyoung M-Tek's E&C Division (LRB, HDRB, Pendulum, SMCB damper, SYCRMJ/SYCRFJ joint families), targeting the same end customers in bridge and public infrastructure projects.
- Freyssinet (Vinci Construction): World leader in structural engineering including post-tensioning, seismic isolation devices, bridge bearings, and expansion joints. Overlaps directly with Samyoung's seismic isolation, bridge bearing, and structural protection product lines for bridges and major infrastructure.
- DIS Inc. (Dynamic Isolation Systems): US-based specialist in seismic isolation bearings and energy dissipation devices for bridges, buildings, and critical infrastructure. Closely comparable to Samyoung's seismic isolation product family (LRB, HDRB, Pendulum, EDD) with overlapping North American and Asian project pipelines.
- FIP Industriale SpA: Italian producer of structural bearings (pot, spherical, elastomeric, lead rubber) and seismic devices for bridges, buildings, and industrial structures. Directly comparable to Samyoung's bearing portfolio (LRB, CSD, ESD, Pendulum, Spherical, Pot) and targets similar European and emerging market infrastructure projects.
- TAEWOONG Co., Ltd. Korean steel casting and forging manufacturer serving shipbuilding, power generation, and industrial machinery. Comparable to Samyoung's Material Business Division and MBS franchise, supplying cast/forged components to the same Korean shipbuilding and engine-building customers.
- Maurer SE: German manufacturer of structural protection systems including bearings, expansion joints, and tuned mass dampers for bridges and buildings. Direct competitor to Samyoung's seismic and bridge infrastructure product portfolio, particularly in European and Middle Eastern tenders.
- Mageba SA: Swiss-headquartered global supplier of bridge bearings, expansion joints, and seismic protection products. Directly comparable to Samyoung's bridge bearing and expansion joint portfolio, serving the same international bridge infrastructure market with a comparable product taxonomy.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Samyoung M-Tek social profiles
Digital presenceSamyoung M-Tek compliance and trust
Trust signalCompliance22 records
Samyoung M-Tek financial estimates
Financial estimateRevenue estimate
Valuation estimate
Samyoung M-Tek leadership team
Management profileNumber of profiles
Profiles2 records
Samyoung M-Tek subsidiaries and ownership
Company hierarchySubsidiaries1 record
Samyoung M-Tek funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Samyoung M-Tek 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 Samyoung M-Tek
What does Samyoung M-Tek do?
Samyoung M-Tek manufactures cast steel structural components for ship engines, bridges, infrastructure, and industrial machinery. The E&C Business Division produces seismic isolation bearings, seismic-resistant bearings, vibration dampers, and bridge expansion joints. The Material Business Division produces Main Bearing Supports (MBS) for large marine and power generation diesel engines, steel structures for bridges and buildings, ship components, industrial machinery parts, and wind power gearbox components. Products are sold to shipbuilders, power generation companies, infrastructure contractors, and wind turbine manufacturers through negotiated supply contracts.
Is Samyoung M-Tek a public or private company?
Samyoung M-Tek is a public company. It is classified as public and is currently operating.
When was Samyoung M-Tek founded?
Samyoung M-Tek was founded in 1997. It employs 101 to 250 people.
Where is Samyoung M-Tek based?
Samyoung M-Tek is headquartered in Gyeongsan, South Korea, in the Asia region.
How does Samyoung M-Tek make money?
One revenue line is on record: industrial Casting Components Sales.
Who are Samyoung M-Tek's main competitors?
Broad incumbents on record are SeAH Steel Holdings Corp. and Doosan Enerbility Co., Ltd.. Direct peers are Taylor Devices, Inc., Kawakin Core-Tech Co., Ltd., Freyssinet (Vinci Construction), DIS Inc. (Dynamic Isolation Systems), FIP Industriale SpA, TAEWOONG Co., Ltd., Maurer SE and Mageba SA.
Does Samyoung M-Tek have an API?
No public API is recorded for Samyoung M-Tek.
What industry is Samyoung M-Tek in?
Samyoung M-Tek's product category is Industrial Cast Steel Components and Seismic Isolation Systems. Its primary akta.pro industry code is IMAJAKAG, Shipbuilding Castings & Forgings (Rudders, Stern Frames, Shafts), with a secondary code of IMADACAL, Bridge & Infrastructure Steel Components. Its NAICS code is 336611 and its SIC code is 3730.