Korea Paper Mfg., Co.

What Korea Paper Mfg., Co. does

Korea Paper Mfg., Co., Ltd. (고려제지) is a privately-held South Korean industrial paper and packaging manufacturer founded in 1977 (renamed to its current name in 2005) and headquartered in Siheung, Gyeonggi-do. The company operates three vertically integrated business divisions: the Paper Division producing kraft liner board, test liner, and medium paper; the Printing Division offering water-based flexo pre-printing via Central Impression Press technology; and the Cardboard Division producing corrugated medium and finished boxes. Customers are B2B industrial manufacturers and agricultural packaging buyers in South Korea, served through direct sales with limited export capability for paper roll stock.

The technical platform rests on large-format paper machinery (paper width up to 5,650 mm, line speed up to 1,100 m/min) with full DCS/QCS automation for uniform basis weight, moisture, thickness, and strength across machine and cross directions. Differentiated technology includes a Tandem Shoe Press (two nips at 1,200 kgf/cm²), a Mitsubishi 400 m/min corrugator, water-based CI flexo Pre Printing that achieves offset-quality print at 15–30% lower cost than offset, patented RKP recycled kraft paper (granted December 2004), and a Smart Eco-Factory completed in December 2023. Daily paper capacity of 1,500 tons at the Paper Division is positioned as the largest single-site capacity in Korea.

The business model is B2B and transaction-based: per-order quotations by product grade (KLB, KN, KY, WL, GK/GS, K2), basis weight (g/m²), and order volume; pricing is not publicly disclosed. The company extends its operational footprint through five group companies — KOSDAQ-listed Sambo Board (ticker 023600), KOSPI-listed Daelim Paper (ticker 017650), Hancheong Board, Sanhwa Board, and Dongjin Board — forming a one-stop supply chain from raw paper to finished corrugated boxes across approximately 300,000 m² of combined site area. FY2025 revenue of ₩303,975M (~US$225–234M) was generated entirely within this B2B industrial packaging channel; revenue has declined each of the past three reported fiscal years.

Name

Korea Paper Mfg., Co.

Legal name

주식회사 고려제지 (Korea Paper Mfg. Co., Ltd.)

Website

https://koreapaper.co.kr

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

101–250 employees

Short description

Korea Paper Mfg., Co., Ltd. (고려제지) is a privately-held South Korean industrial paper and packaging manufacturer operating three integrated divisions — paper production, pre-printing, and corrugated box manufacturing — serving B2B industrial manufacturers and agricultural packaging buyers through direct sales.

Ownership category

akta.pro rank

Product category

Industrial Paper & Corrugated Packaging Manufacturing

NAICS

Paperboard Mills (32213), Paperboard Container Manufacturing (32221)

SIC

Paperboard Mills (2631), Paperboard Containers & Boxes (2650)

akta.pro primary industry

Paper & Paperboard Packaging Converting & Finishing (Die-Cutting, Gluing, Windowing, Coating) (IMALACAL)

akta.pro secondary industry

Folding Carton & Paperboard Packaging Printing (IMALAKAH)

Keywords

• Industrial paper manufacturing
• Corrugated packaging materials
• Kraft liner board
• Pre-printed roll stock
• Corrugated boxes

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Industrial Paper & Packaging Products: B2B manufacturer and seller of corrugated packaging materials. Revenue generated from sale of kraft liner board, test liner, medium paper, pre-printed roll stock, corrugated medium, and finished corrugated boxes. Pricing is quote-based per product specifications (basis weight, grade, volume). No subscription or recurring revenue model; transactional per order.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Korea Paper Mfg., Co. is a South Korean industrial paper manufacturer that operates an integrated one-stop supply chain across three divisions: Paper Division producing kraft liner board (KLB, KN, KY, WL) and high-strength corrugated medium paper (K2, GK/GS); a Printing Division providing water-based flexo pre-printing on roll stock; and a Cardboard Division producing corrugated board sheets and finished corrugated boxes (S/W and D/W flutes). The company supplies packaging materials to industrial manufacturers and agricultural producers, primarily in South Korea with export capability for liner board grades.

Product overview

고려제지는 산업용지 업계의 선도 기업으로, 종이 원지 제조(제지사업부), Pre Printing 인쇄(인쇄사업부), 골판지 원단 및 골판지상자 생산(판지사업부)으로 구성된 원스톱 운영 체제를 갖추고 있습니다. 주요 제품으로는 골판지용 라이너(KLB, KN, KY, WL), 골판지용 골심지(K2), 강화골심지(GK/GS) 등의 원지 제품과, Pre Printing 인쇄 서비스, 다양한 Flute 타입(A, B, C, E, F)의 골판지원단, 그리고 공산품/농산물/코팅/조립/대형상자 등의 완제품 골판지상자를 생산합니다. 일 1,500톤의 생산능력을 보유하며, 광폭(5,650mm) 및 고속(1,100m/min) 설비로 연간 약 45만 톤을 생산합니다.

Differentiator

Problem solved

Functional benefit

Products and services

• KLB (Kraft Liner Board) High-strength kraft liner board paper used as the surface (outer) layer of corrugated boxes. Produced by the Paper Division at 1,500 tons/day capacity for industrial packaging customers.
• KN (Kraft Top Liner Board - Yellow) Yellow-coloured kraft top liner board paper for general-purpose corrugated box surface applications.
• KY (Kraft Top Liner Board - Yellow, alternate grade) Alternate yellow kraft top liner board for general corrugated box surface applications.
• WL (White Top Liner Board) White top liner board paper for general-purpose corrugated box surface applications where a white print surface is required.
• GK/GS (High Strength Medium Paper) High-strength corrugated medium paper used as the inner layer of corrugated boxes, made from 100% OCC (old corrugated containers) and offering over 50% improvement in ring crush strength versus standard medium.
• K2 (General Corrugated Medium) General-purpose corrugated medium paper used as the inner layer and fluting material of standard corrugated boxes.
• Pre Printing Service Water-based flexo printing directly on liner board roll stock prior to corrugation, achieving offset-quality printing (100-150 lines) at 200 sheets/min. Delivers 15-30% cost savings versus offset printing for box converters and brand owners.
• Corrugated Board Sheets (Corrugated Board Sheets) Corrugated board sheets produced by bonding liner paper to medium, available in multiple flute types (A, B, C, E, F), including single-wall, double-wall, and triple-wall constructions.
• Corrugated Boxes (Finished Packaging) Finished two-piece corrugated boxes for diverse end uses including industrial products, agricultural produce, cocking, papering, and large-format packaging applications.

Quantifiable outcome

• 15–30% cost reduction vs. offset printing achieved through Pre Printing technology
• +4 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• Sambo Board Co., Ltd. (주식회사 삼보판지)coreStrategic or Co-development Partner · 1 January 2005Major subsidiary and affiliated company since January 2005. Operates two manufacturing plants (Sihwa Factory in Gyeonggi-do and Iksan Factory in Jeollabuk-do) producing corrugated medium and boxes. Listed on KOSDAQ (stock code: 023600). Monthly combined capacity of 37,000,000 m². Provides integrated downstream manufacturing capability for Korea Paper's paper output.
• Hancheong Board Co., Ltd. (주식회사 한청판지)coreStrategic or Co-development Partner · 1 January 2005Affiliated company (계열사) since 2005. C-flute specialty manufacturer based in Chungcheongbuk-do, serving as central region hub. New factory completed 2021 with 10,000,000 m²/month capacity. Capital: ₩20 billion. Specializes in logistics cost reduction and eco-friendly agricultural packaging.
• Sanhwa Board Co., Ltd. (주식회사 삼화판지)coreStrategic or Co-development Partner · 1 January 2005Affiliated company (계열사) since 2005. Food-hygiene specialized corrugated box manufacturer in Gyeonggi-do (Pocheon). Monthly capacity: 9,000,000 m². Capital: ₩9.05 billion. Differentiated technology for food-safe packaging and agricultural box specialty.
• Dongjin Board Co., Ltd. (주식회사 동진판지)coreStrategic or Co-development Partner · 1 January 2005Related company (관계사) since 2005. Corrugated medium and box manufacturer in Gyeonggi-do (Gwangju). Capital: ₩3 billion. Monthly capacity: 15,000,000 m². Equipped with pallet logistics management system for rapid high-quality supply.
• Daelim Paper Co., Ltd. (주식회사 대림제지)coreStrategic or Co-development Partner · 1 January 2005Related company (관계사) since 2005. Listed on KOSPI (stock code: 017650). Specializes in corrugated medium (S, B, K grades) and reinforced medium (DB, DK) plus export paper (DS2). Capital: ₩4.5 billion. Daily capacity: 1,100 tons. R&D focus on liner and medium paper exclusively.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Smurfit Kappa Group plc: Global leader in corrugated packaging and paper-based packaging. Operates a similar vertically integrated model (paper mills + box plants) but at vastly greater scale across Europe and the Americas. Useful as a strategic reference point for Korea Paper's end-market positioning.
• Graphic Packaging Holding Company: Global paperboard packaging manufacturer focused on folding cartons and sustainable packaging. Comparable in the paperboard packaging converting segment, with overlap in Pre Printing-type flexo printing capabilities for consumer packaging.
• Mondi plc: European integrated paper and packaging group with kraft paper, containerboard, and corrugated operations. Comparable in the kraft liner / containerboard production segment, though serving predominantly European markets.
• International Paper Company: World's largest pulp and paper producer with significant containerboard and corrugated packaging operations. Comparable to Korea Paper in linerboard/medium manufacturing, though at a vastly larger global scale with a diversified product portfolio.
• Nine Dragons Paper (Holdings) Limited: Largest containerboard producer in China, manufacturing kraft linerboard, test liner, and corrugating medium from recycled fiber. Closely comparable product mix to Korea Paper, particularly in OCC-based kraft linerboard manufacturing.

Regional players

• Lee & Man Paper Manufacturing Limited: Major Hong Kong/China-based containerboard manufacturer producing kraft linerboard, test liner, and corrugating medium. Comparable to Korea Paper in industrial paperboard grades but operating primarily in the China/Asia export market rather than Korea.

Direct peers

• Hansol Paper Co., Ltd. Major Korean paper manufacturer (KOSPI-listed) producing printing/writing papers, industrial papers, and paperboard. Comparable to Korea Paper in industrial paperboard manufacturing and serves similar B2B packaging customers in Korea.
• Moorim Paper Co., Ltd. One of Korea's largest paper manufacturers producing industrial linerboard, medium paper, and coated paper. Directly comparable to Korea Paper in kraft liner and corrugated medium production, serving overlapping Korean industrial packaging customers.
• Shinho Paper Co., Ltd. Korean specialty paper manufacturer producing kraft paper, linerboard, and converted paper products for industrial use. Comparable to Korea Paper in kraft/linerboard grade manufacturing and integrated converting into packaging products.
• Asia Paper Manufacturing Co., Ltd. Korean paper manufacturer specializing in industrial linerboard, corrugating medium, and packaging papers. Closely comparable product mix to Korea Paper, with similar focus on Korean domestic B2B customers and OCC-based recycled fiber production.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 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 Korea Paper Mfg., Co.