SAMYANG TONGSANG Co.

What SAMYANG TONGSANG Co. does

Samyang Tongsang Co., Ltd. (삼양통상 주식회사) is a South Korea-based, publicly listed leather manufacturer and processor founded in 1957 and listed on the Korea Exchange since 1989. The company operates four business segments: (1) leather materials for handbags and footwear, (2) leather materials for automotive car seats and baseball glove production, (3) finished sports equipment including baseball gloves and American football gear (AFB), and (4) a rental/leasing business. Its core technology is specialized leather tanning and processing developed over more than 65 years, supported by ISO 9001 (1999), ISO 14001 (2004), and TS/ISO 16949 (2005) certifications—the last of which specifically qualifies it for global automotive OEM supply chains.

The company runs a vertically integrated B2B direct-sales model, selling leather inputs to downstream manufacturers in fashion accessories, footwear, automotive interiors, and sports equipment while also producing finished sports goods from its own leather. Manufacturing is distributed across wholly-owned subsidiaries: the Seoul (Gangnam-gu) headquarters plus production sites in Busan (Jangrim-dong) and Gunpo (Gyeonggi-do) in Korea, Qingdao Samyang Pihyuck Corporation in China (established 2003), SAMHO CO., LTD. near Ho Chi Minh City, Vietnam (established 2003), and SAMYANG VIETNAM CO., LTD. (established 1994, production 1995). The company divested its downstream shoe business in 2006 to focus on leather materials and higher-value sports equipment. Pricing is not publicly disclosed and revenue figures are not available in the scraped data; the only quantitative scale anchor is a 1988 Tower Export Achievement Award recognizing $100 million in cumulative exports.

Name

SAMYANG TONGSANG Co.

Legal name

삼양통상 주식회사 (Samyang Tongsang Co., Ltd.)

Website

https://samyangts.com

Company type

Public

Founded year

1957

Operating status

Operating

Headcount range

1–10 employees

Short description

Samyang Tongsang Co., Ltd. is a publicly listed South Korean leather manufacturer (founded 1957, KRX-listed since 1989) producing leather materials for handbags, footwear, automotive car seats, and baseball gloves, plus finished sports equipment, via wholly-owned plants in Korea, China, and Vietnam.

Ownership category

akta.pro rank

Product category

Leather Manufacturing

NAICS

Leather and Allied Product Manufacturing (316), Leather and Hide Tanning and Finishing (3161)

SIC

Leather & Leather Products (3100)

akta.pro primary industry

Wallets, Small Leather Goods & Accessories Manufacturing (IMAOAHAB)

Keywords

• Leather manufacturing
• Leather processing
• Automotive leather materials
• Footwear leather supply
• Sports equipment leather

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

SAMYANG TONGSANG Co., Ltd. is a leather manufacturing and processing company that produces leather materials for handbags, footwear, automotive car seats, and baseball gloves, along with finished sports equipment including baseball gloves and American football gear. The company operates vertically integrated manufacturing spanning raw leather tanning to finished goods across facilities in South Korea, China, and Vietnam, complemented by a rental/leasing business division.

Product overview

SAMYANG TONGSANG Co., Ltd. is a leather manufacturing and processing company that operates as a single unified business rather than a platform-plus-modules architecture. The company produces leather materials across three core product lines (handbag/footwear leather, car seat/baseball glove leather, and sports equipment including baseball gloves and American football gear) and maintains a rental/lease business division. The products are vertically integrated from leather production to finished goods.

Differentiator

Problem solved

Functional benefit

Products and services

• Leather for Handbag and Footwear (핸드백용, 신발 제조용 피혁) Leather materials specifically manufactured for handbag and footwear production applications, supplied to downstream fashion accessories and footwear manufacturers.
• Leather for Car Seat and Baseball Glove (카시트용, BBG용 피혁) Leather materials designed for automotive car seats and baseball glove manufacturing, certified to automotive quality standards (TS/ISO 16949).
• Baseball Glove and American Football Equipment (야구글러브, AFB) Finished sports equipment including baseball gloves and American football gear manufactured from company-produced leather, sold to sports equipment brands and distributors.
• Rental Business (임대사업) Property and facility leasing services operated as part of the company's diversified business portfolio alongside core leather manufacturing operations.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Pittards plc: UK-listed specialty leather tanner and manufacturer serving footwear, gloves, and leather goods end markets. Comparable to Samyang Tongsang as a vertically integrated leather processor with a long history (1826) supplying global B2B customers.
• Smit & Zoon: Dutch specialty leather chemicals and wet-end leather producer serving automotive, footwear, and apparel OEMs. Highly comparable in serving global B2B customers with certified (ISO/automotive) leather processing capabilities.
• ECCO Leather: Vertically integrated premium leather producer owned by ECCO Sko, supplying footwear and leather goods OEMs globally. Comparable in vertical integration (own tanneries to finished footwear) and quality-certified manufacturing.
• Conceria Volpi: Italian specialty tannery producing high-end leather for footwear, leather goods, and upholstery. Comparable as a heritage leather processor serving luxury and automotive B2B customers with quality certifications.

Broad incumbents

• Stahl Group: Global leader in leather chemicals, coatings, and finishing technologies, serving a broad portfolio of tanneries and leather goods manufacturers. Comparable as a leather-processing supply-chain incumbent with automotive-grade certifications.
• Kuraray Co., Ltd. Japanese specialty chemicals and materials producer with leather-related man-made leather alternatives (Clarino). Comparable as a large incumbent supplying leather-adjacent materials to automotive, footwear, and sports OEMs globally.

Emerging players

• Mizuno Corporation: Japanese sporting goods manufacturer producing baseball gloves and equipment. Comparable as a downstream buyer and competitor in the baseball glove leather and finished baseball glove categories that Samyang Tongsang serves.
• Rawlings Sporting Goods: Major US baseball glove and sporting goods manufacturer. Comparable as both a potential customer (for premium glove leather) and a competitor in finished baseball equipment.

Regional players

• Hanil Synthetic Fiber: Korean fiber and materials manufacturer with leather-related product lines. Comparable as a Korean-listed peer in adjacent materials manufacturing serving automotive and industrial B2B customers.
• Daewon Leather: Korean leather manufacturer serving automotive and footwear customers. Comparable as a Korean regional peer in the leather manufacturing and tanning industry targeting similar OEM end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/samyang-tongsang-co-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SAMYANG TONGSANG Co.