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SBS Digital News Lab

Full company profile

uuid002ddyj

Namestring
SBS Digital News Lab
Legal namestring
SBSi 뉴스서비스부문
Websiteurl
sbsdlab.co.kr
Company typeenum
Private
Founded yearint
2015
Descriptiontext

SBS Digital News Lab (SBSi 뉴스서비스부문) is the digital news services division of SBS (Seoul Broadcasting System), one of South Korea's major broadcast networks. Founded around 2015, it operates from Seoul and employs 11–50 staff. The division produces and distributes social-media-native news and lifestyle content targeting Korean digital news consumers, primarily through the flagship brand Videomug (비디오머그) and an ecosystem of roughly 16 sub-brands spanning investigative reporting (뉴스추적, 끝까지 팔다, 마부작침), explainer/motion-graphics content (인사이트), visual storytelling (SCOPE), sports (Videomug 스포츠), immersive video (Videomug VR), and audio formats (보이스, 골라듣는 뉴스룸).

The underlying technology stack comprises a mobile-optimized news platform supported by an in-house UI·UX 기획개발실 (UI/UX Planning & Development Lab), a Curation Newsroom (큐레이션 뉴스룸) that analyzes user consumption patterns to produce editorial curation, and video production infrastructure that combines real footage with motion graphics. Distribution is multi-platform: Facebook, X (Twitter), Naver, the news.sbs.co.kr destination, and dedicated branded video channels. Videomug reached 3rd place among Korean media brands on Facebook behind SBS News and JTBC News, and crossed 100,000 Facebook page likes within roughly one year of its February 2015 launch.

The business model combines three revenue streams: (1) a subscription-based knowledge platform (스브스프리미엄) targeting individual consumers, (2) branded content production and advertising partnerships sold to enterprise brand advertisers via direct inquiry ([email protected], [email protected]), and (3) video content distribution generating advertising revenue across social media. Pricing is not publicly disclosed. The operation is functionally a corporate division rather than an independent entity — there is no external investment, no public listing, and the sole parent is SBS — and the unit's competitive position is structurally tied to SBS's brand authority, newsroom access, and distribution relationships.

Short descriptiontext

SBS Digital News Lab is the digital news division of South Korean broadcaster SBS, producing and distributing mobile-optimized news, video, and audio content through the Videomug social media brand and 15+ sub-brands to Korean digital news consumers and brand advertisers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersBucheon, South Korea
HQ citystring
Bucheon
HQ countrystring
South Korea
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
digital news media, video journalism, mobile news content, news subscription platform, branded content production
Industry6 codes
1Consumer News & Digital Newsrooms (Web/App-First)
CodeMPAJADADPrimaryYes
2Online News & Magazine Publishing Platforms (CMS & Hosting)
CodeMPAJAMACPrimaryNo
3News Streaming Platforms
CodeMPACAAAFPrimaryNo
4Podcast Networks & Studio Platforms
CodeMPAIADACPrimaryNo
5Data Journalism & News Intelligence Publishers (Indexes, Election/Market Data)
CodeMPAJADAKPrimaryNo
6OTT Platform CMS & Content Operations (Catalog, Scheduling, Workflows)
CodeMPAHAJAAPrimaryNo
NAICS code3 codes
  • Newspaper, Periodical, Book, and Directory Publishers5131
  • Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers51621
  • Broadcasting and Content Providers516
SIC code2 codes
  • Newspapers: Publishing Or Publishing & Printing2711
  • Services-Motion Picture & Video Tape Production7812
Product category
Digital News Media
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1구독 서비스 (Subscription)
TypeSubscription Recurring
Description

스브스프리미엄 knowledge subscription platform providing insight-rich content to subscribers.

sbsdlab.co.kr
2브랜디드 콘텐츠 (Branded Content)
TypeAdvertising
Description

Production of branded content and advertising partnerships through video content properties.

sbsdlab.co.kr
3영상 콘텐츠 유통 (Video Content Distribution)
TypeAdvertising
Description

Distribution of video content across social media platforms generating advertising revenue.

sbsdlab.co.kr
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Marketing or Sales, Operations
GTM typeB2C
B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Brand1 of 15 records shown
1비디오머그 (Videomug)
Description

No.1 social media platform delivering国内外 various stories and news with visual storytelling. Launched in February 2015.

sbsdlab.co.kr
+14 more records
Core offering1 text field

SBS Digital News Lab produces and distributes mobile-optimized digital news content across a portfolio of branded video, audio, and text properties anchored by Videomug. The division operates a subscription-based knowledge platform (Sobus Premium) and a newsroom that analyzes user consumption patterns to deliver curated, in-depth news experiences, while also producing branded content and advertising partnerships for marketers.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

SBS Digital News Lab (SBSi 뉴스서비스부문) operates a multi-platform news media portfolio centered around 비디오머그 (Videomug), SBS's flagship social media brand launched in February 2015. The portfolio includes specialized sub-brands such as 비디오머그W, 인사이트 (motion graphics storytelling), 뉴스추적 (investigative reporting), SCOPE (visual storytelling), 비디오머그 VR (immersive content), 비디오머그 스포츠, and more. Supporting products include the knowledge subscription platform 스브스프리미엄, the 큐레이션 뉴스룸 for personalized news delivery, and audio offerings like 보이스 (Voice) and the podcast 골라듣는 뉴스룸. The operation also includes investigative brands like 마부작침, 끝까지 판다, and 리포트+ for in-depth reporting. The technology division (UI·UX 기획개발실) provides the platform infrastructure powering these services.

Product and service4 records
1Videomug (비디오머그) Digital News Platform
CategoryDigital News Platform
Description

South Korea's leading social media news platform delivering domestic and international stories through visual content and engaging storytelling, encompassing sub-brands including VideomugW, Insight (motion-graphics explainers), Captioned News, News Tracking (investigative), Videomug LIVE, Bl박영상, Videomug VR, SCOPE (visual storytelling), and Videomug Sports. Targets Korean mobile-first digital news consumers.

2Sobus Premium (스브스프리미엄) Knowledge Subscription
CategorySubscription Content Service
Description

Subscription-based knowledge content platform providing insight-rich, mobile-optimized new media content to subscribers seeking in-depth analysis and curated perspectives beyond standard news coverage.

3In-Depth News Brands (마부작침, 골라듣는 뉴스룸, 보이스, 리포트+, 끝까지 판다)
CategoryInvestigative and In-Depth News
Description

Portfolio of specialized news content properties spanning data-driven journalism (마부작침), daily-topic podcasts (골라듣는 뉴스룸), audio-on-demand news (보이스), complex-news reconstruction (리포트+), and deep investigative reporting (끝까지 판다). Targets Korean consumers seeking depth and analysis across video, audio, and written formats.

4Branded Content Production Service
CategoryBranded Content & Advertising Services
Description

B2B service producing branded video content, advertising partnerships, and editorial collaborations on the Videomug and broader SBSi News Services platform for brand advertisers seeking reach into engaged Korean mobile news audiences.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

AJ+ is Al Jazeera's social-first digital video news operation producing mobile-optimized explanatory and investigative content. Closely comparable in production philosophy (explainer, visual storytelling) to SBSi's Insight and News Tracking brands.

TypeDirect peer
Description

MBC News is a major Korean broadcaster's digital news arm competing with SBSi for social video audiences and branded content budgets. It produces news content optimized for mobile and social platforms with comparable resources and parent-broadcaster backing.

TypeEmerging player
Description

OhmyNews pioneered citizen and digital-first journalism in Korea, focusing on web/app-first news distribution similar to SBSi's mobile-optimized approach. A pioneer in Korean digital publishing with overlapping consumer audiences but smaller current scale.

4KBS News Digital
TypeDirect peer
Description

KBS is the Korean public broadcaster with a digital news operation pursuing similar mobile-first, video-led strategies. Comparable in parent-scale and digital ambition, serving overlapping Korean news audiences with similar content formats.

5Newsen (스타뉴스 / 뉴스엔)
TypeEmerging player
Description

Newsen operates a digital-first entertainment and news platform producing mobile-optimized video content for Korean audiences. Comparable in mobile/social video emphasis, but focused more on entertainment than hard news.

TypeDirect peer
Description

Yonhap is Korea's primary newswire with extensive digital distribution and consumer news apps. It competes as a foundational news content source for both consumers and other publishers, with comparable newsroom scale and digital output.

TypeDirect peer
Description

JTBC News is the direct competitor to Videomug on Facebook (ranked #2 vs. SBSi #3) and operates a similar social-video news strategy under JTBC Studios. Both target the same Korean digital-first news consumer with mobile-optimized video storytelling, making it the most directly comparable peer.

TypeOthers
Description

Vox Media operates a portfolio of digital brands with diversified revenue (ads, branded content, subscriptions, podcasts) analogous to SBSi's multi-brand strategy. While English-language, the portfolio model and subscription-led monetization (Vox, NY Mag) parallel 스브스프리미엄.

TypeBroad incumbent
Description

NowThis is the US analog to Videomug — a social-first video news brand optimized for Facebook, Instagram, and TikTok. While operating in a different geography, the format, audience strategy, and monetization model (branded content + distribution) are highly comparable.

TypeDirect peer
Description

Chosun Ilbo is one of Korea's largest newspaper groups with a substantial digital video and social operation competing for the same Korean digital news audience. Comparable in scale, format diversification (text, video, podcasts), and branded content production.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

SBS Digital News Lab

Digital News Mediasbsdlab.co.kr

SBS Digital News Lab is the digital news division of South Korean broadcaster SBS, producing and distributing mobile-optimized news, video, and audio content through the Videomug social media brand and 15+ sub-brands to Korean digital news consumers and brand advertisers.

What SBS Digital News Lab does

SBS Digital News Lab (SBSi 뉴스서비스부문) is the digital news services division of SBS (Seoul Broadcasting System), one of South Korea's major broadcast networks. Founded around 2015, it operates from Seoul and employs 11–50 staff. The division produces and distributes social-media-native news and lifestyle content targeting Korean digital news consumers, primarily through the flagship brand Videomug (비디오머그) and an ecosystem of roughly 16 sub-brands spanning investigative reporting (뉴스추적, 끝까지 팔다, 마부작침), explainer/motion-graphics content (인사이트), visual storytelling (SCOPE), sports (Videomug 스포츠), immersive video (Videomug VR), and audio formats (보이스, 골라듣는 뉴스룸).

The underlying technology stack comprises a mobile-optimized news platform supported by an in-house UI·UX 기획개발실 (UI/UX Planning & Development Lab), a Curation Newsroom (큐레이션 뉴스룸) that analyzes user consumption patterns to produce editorial curation, and video production infrastructure that combines real footage with motion graphics. Distribution is multi-platform: Facebook, X (Twitter), Naver, the news.sbs.co.kr destination, and dedicated branded video channels. Videomug reached 3rd place among Korean media brands on Facebook behind SBS News and JTBC News, and crossed 100,000 Facebook page likes within roughly one year of its February 2015 launch.

The business model combines three revenue streams: (1) a subscription-based knowledge platform (스브스프리미엄) targeting individual consumers, (2) branded content production and advertising partnerships sold to enterprise brand advertisers via direct inquiry ([email protected], [email protected]), and (3) video content distribution generating advertising revenue across social media. Pricing is not publicly disclosed. The operation is functionally a corporate division rather than an independent entity — there is no external investment, no public listing, and the sole parent is SBS — and the unit's competitive position is structurally tied to SBS's brand authority, newsroom access, and distribution relationships.

SBS Digital News Lab firmographics

Firmographics
Name
SBS Digital News Lab
Legal name
SBSi 뉴스서비스부문
Website
https://sbsdlab.co.kr
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
11–50 employees
Short description
SBS Digital News Lab is the digital news division of South Korean broadcaster SBS, producing and distributing mobile-optimized news, video, and audio content through the Videomug social media brand and 15+ sub-brands to Korean digital news consumers and brand advertisers.
Ownership category
akta.pro rank

SBS Digital News Lab industry classification

Industry
Product category
Digital News Media
NAICS
Newspaper, Periodical, Book, and Directory Publishers (5131), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (51621), Broadcasting and Content Providers (516)
SIC
Newspapers: Publishing Or Publishing & Printing (2711), Services-Motion Picture & Video Tape Production (7812)
akta.pro primary industry
Consumer News & Digital Newsrooms (Web/App-First) (MPAJADAD)
akta.pro secondary industries
Online News & Magazine Publishing Platforms (CMS & Hosting) (MPAJAMAC), News Streaming Platforms (MPACAAAF), Podcast Networks & Studio Platforms (MPAIADAC), Data Journalism & News Intelligence Publishers (Indexes, Election/Market Data) (MPAJADAK), OTT Platform CMS & Content Operations (Catalog, Scheduling, Workflows) (MPAHAJAA)

Keywords

  • Digital news media
  • Video journalism
  • Mobile news content
  • News subscription platform
  • Branded content production

Where SBS Digital News Lab is headquartered

Location

Headquarters

HQ city
Bucheon
HQ country
South Korea
HQ region
Asia

Offices1 record

Markets served

SBS Digital News Lab business model

Business model
GTM type
B2C
Offering type
Digital Commerce or Content
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

  1. 구독 서비스 (Subscription): 스브스프리미엄 knowledge subscription platform providing insight-rich content to subscribers.
  2. 브랜디드 콘텐츠 (Branded Content): Production of branded content and advertising partnerships through video content properties.
  3. 영상 콘텐츠 유통 (Video Content Distribution): Distribution of video content across social media platforms generating advertising revenue.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

SBS Digital News Lab product offering

Product offering

Core offering

SBS Digital News Lab produces and distributes mobile-optimized digital news content across a portfolio of branded video, audio, and text properties anchored by Videomug. The division operates a subscription-based knowledge platform (Sobus Premium) and a newsroom that analyzes user consumption patterns to deliver curated, in-depth news experiences, while also producing branded content and advertising partnerships for marketers.

Product overview

SBS Digital News Lab (SBSi 뉴스서비스부문) operates a multi-platform news media portfolio centered around 비디오머그 (Videomug), SBS's flagship social media brand launched in February 2015. The portfolio includes specialized sub-brands such as 비디오머그W, 인사이트 (motion graphics storytelling), 뉴스추적 (investigative reporting), SCOPE (visual storytelling), 비디오머그 VR (immersive content), 비디오머그 스포츠, and more. Supporting products include the knowledge subscription platform 스브스프리미엄, the 큐레이션 뉴스룸 for personalized news delivery, and audio offerings like 보이스 (Voice) and the podcast 골라듣는 뉴스룸. The operation also includes investigative brands like 마부작침, 끝까지 판다, and 리포트+ for in-depth reporting. The technology division (UI·UX 기획개발실) provides the platform infrastructure powering these services.

Differentiator

Problem solved

Functional benefit

Brands

  • 비디오머그 (Videomug): No.1 social media platform delivering国内外 various stories and news with visual storytelling. Launched in February 2015.
  • 비디오머그W
  • 인사이트 (Insight)
  • 자막뉴스 (Subtitled News)
  • 뉴스추적 (News Tracking)
  • 비디오머그 LIVE
  • 블박영상
  • 비디오머그 VR
  • SCOPE
  • 비디오머그 스포츠
  • 마부작침
  • 골라듣는 뉴스룸
  • 보이스 (Voice)
  • 리포트+
  • 끝까지 판다

Products and services

  • Videomug (비디오머그) Digital News Platform South Korea's leading social media news platform delivering domestic and international stories through visual content and engaging storytelling, encompassing sub-brands including VideomugW, Insight (motion-graphics explainers), Captioned News, News Tracking (investigative), Videomug LIVE, Bl박영상, Videomug VR, SCOPE (visual storytelling), and Videomug Sports. Targets Korean mobile-first digital news consumers.
  • Sobus Premium (스브스프리미엄) Knowledge Subscription Subscription-based knowledge content platform providing insight-rich, mobile-optimized new media content to subscribers seeking in-depth analysis and curated perspectives beyond standard news coverage.
  • In-Depth News Brands (마부작침, 골라듣는 뉴스룸, 보이스, 리포트+, 끝까지 판다) Portfolio of specialized news content properties spanning data-driven journalism (마부작침), daily-topic podcasts (골라듣는 뉴스룸), audio-on-demand news (보이스), complex-news reconstruction (리포트+), and deep investigative reporting (끝까지 판다). Targets Korean consumers seeking depth and analysis across video, audio, and written formats.
  • Branded Content Production Service B2B service producing branded video content, advertising partnerships, and editorial collaborations on the Videomug and broader SBSi News Services platform for brand advertisers seeking reach into engaged Korean mobile news audiences.

Companies that use SBS Digital News Lab

Customer profile

Segments2 records

Ideal customer profiles2 records

SBS Digital News Lab technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

SBS Digital News Lab partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

SBS Digital News Lab competitors and assessment

Company assessment

Broad incumbents

  • AJ+ (Al Jazeera): AJ+ is Al Jazeera's social-first digital video news operation producing mobile-optimized explanatory and investigative content. Closely comparable in production philosophy (explainer, visual storytelling) to SBSi's Insight and News Tracking brands.
  • NowThis (Group Nine Media): NowThis is the US analog to Videomug — a social-first video news brand optimized for Facebook, Instagram, and TikTok. While operating in a different geography, the format, audience strategy, and monetization model (branded content + distribution) are highly comparable.

Direct peers

  • MBC News Digital: MBC News is a major Korean broadcaster's digital news arm competing with SBSi for social video audiences and branded content budgets. It produces news content optimized for mobile and social platforms with comparable resources and parent-broadcaster backing.
  • KBS News Digital: KBS is the Korean public broadcaster with a digital news operation pursuing similar mobile-first, video-led strategies. Comparable in parent-scale and digital ambition, serving overlapping Korean news audiences with similar content formats.
  • Yonhap News Agency: Yonhap is Korea's primary newswire with extensive digital distribution and consumer news apps. It competes as a foundational news content source for both consumers and other publishers, with comparable newsroom scale and digital output.
  • JTBC News / JTBC Digital: JTBC News is the direct competitor to Videomug on Facebook (ranked #2 vs. SBSi #3) and operates a similar social-video news strategy under JTBC Studios. Both target the same Korean digital-first news consumer with mobile-optimized video storytelling, making it the most directly comparable peer.
  • TV Chosun / Chosun Ilbo Digital: Chosun Ilbo is one of Korea's largest newspaper groups with a substantial digital video and social operation competing for the same Korean digital news audience. Comparable in scale, format diversification (text, video, podcasts), and branded content production.

Emerging players

  • OhmyNews: OhmyNews pioneered citizen and digital-first journalism in Korea, focusing on web/app-first news distribution similar to SBSi's mobile-optimized approach. A pioneer in Korean digital publishing with overlapping consumer audiences but smaller current scale.
  • Newsen (스타뉴스 / 뉴스엔): Newsen operates a digital-first entertainment and news platform producing mobile-optimized video content for Korean audiences. Comparable in mobile/social video emphasis, but focused more on entertainment than hard news.

Others

  • Vox Media (including The Verge, Vox): Vox Media operates a portfolio of digital brands with diversified revenue (ads, branded content, subscriptions, podcasts) analogous to SBSi's multi-brand strategy. While English-language, the portfolio model and subscription-led monetization (Vox, NY Mag) parallel 스브스프리미엄.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

SBS Digital News Lab social profiles

Digital presence

SBS Digital News Lab financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SBS Digital News Lab leadership team

Management profile

Number of profiles

Profiles1 record

SBS Digital News Lab funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

SBS Digital News Lab M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about SBS Digital News Lab

What does SBS Digital News Lab do?

SBS Digital News Lab produces and distributes mobile-optimized digital news content across a portfolio of branded video, audio, and text properties anchored by Videomug. The division operates a subscription-based knowledge platform (Sobus Premium) and a newsroom that analyzes user consumption patterns to deliver curated, in-depth news experiences, while also producing branded content and advertising partnerships for marketers.

Is SBS Digital News Lab a public or private company?

SBS Digital News Lab is a private company. It is classified as corporate owned and is currently operating.

When was SBS Digital News Lab founded?

SBS Digital News Lab was founded in 2015. It employs 11 to 50 people.

Where is SBS Digital News Lab based?

SBS Digital News Lab is headquartered in Bucheon, South Korea, in the Asia region.

How does SBS Digital News Lab make money?

Three revenue lines are on record. 구독 서비스 (Subscription) is the primary driver. The others are 브랜디드 콘텐츠 (Branded Content) and 영상 콘텐츠 유통 (Video Content Distribution).

Who are SBS Digital News Lab's main competitors?

Broad incumbents on record are AJ+ (Al Jazeera) and NowThis (Group Nine Media). Direct peers are MBC News Digital, KBS News Digital, Yonhap News Agency, JTBC News / JTBC Digital and TV Chosun / Chosun Ilbo Digital. Emerging players are OhmyNews and Newsen (스타뉴스 / 뉴스엔). Vox Media (including The Verge, Vox) is listed as an others.

Does SBS Digital News Lab have an API?

No public API is recorded for SBS Digital News Lab.

What industry is SBS Digital News Lab in?

SBS Digital News Lab's product category is Digital News Media. Its primary akta.pro industry code is MPAJADAD, Consumer News & Digital Newsrooms (Web/App-First), with a secondary code of MPAJAMAC, Online News & Magazine Publishing Platforms (CMS & Hosting). Its NAICS code is 5131 and its SIC code is 2711.

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