Daesung Energy

What Daesung Energy does

Daesung Energy (대성에너지, Daesung Energy Co., Ltd.) is a publicly listed Korean regional city gas utility, founded in 1983 and headquartered in Daegu, South Korea. The company operates as part of the Daesung Group conglomerate under chairman Kim Young-hoon, with CEO Park Moon-hee leading operations. It holds exclusive regulatory concessions to supply city gas across Daegu, Gyeongsan, Goryeong, and Chilgok regions in Gyeongsangbuk-do province, serving residential households (including apartment complexes totaling approximately 20,000 households), industrial facilities, university hospitals, universities, commercial buildings, and cogeneration plants.

The company operates five integrated business segments: core city gas supply (revenue based on consumption volume at regulated rates of 23.3459 won/MJ as of August 2026); CNG and hydrogen refueling station operations for vehicles (notably Dongmyeong CNG station in Chilgok-gun); collective energy services (CES) including district heating, cogeneration, and fuel cell systems; environmental energy through landfill gas utilization (LFG) and solid recovered fuel (SRF) waste-to-energy facilities; and renewable energy via the SolarWin solar power program. Infrastructure includes pipeline networks, charging stations, and waste-to-energy facilities, supplemented by digital customer service channels (Cyber Customer Center, mobile app available on Google Play).

The business model is primarily usage-based with regulated city gas rates adjusted by the government, plus welfare discount programs for socially disadvantaged groups. Go-to-market is direct-to-consumer through 14 physical service centers, a call center (1577-1190), online platform, and mobile app. The company emphasizes safety-first operations, ESG management, and community engagement, having received Community Contribution Certified Company status for six consecutive years (2020-2025). Revenue streams are diversified across the five business segments, though city gas supply remains the dominant contributor given the regulated monopoly position in the service territory.

Name

Daesung Energy

Legal name

대성에너지 주식회사 (Daesung Energy Co., Ltd.)

Website

https://daesungenergy.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

251–500 employees

Short description

Daesung Energy is a publicly listed Korean regional city gas utility founded in 1983, holding exclusive concessions to supply natural gas to residential, commercial, and industrial customers across Daegu, Gyeongsan, Goryeong, and Chilgok, while also operating CNG/hydrogen refueling, district energy, and renewable energy businesses.

Ownership category

akta.pro rank

Product category

City Gas Distribution Utility

NAICS

Natural Gas Distribution (2212), Natural Gas Distribution (22121)

SIC

Natural Gas Transmisison & Distribution (4923), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Industrial Gas Infrastructure & Metering (Onsite Storage, PRS, Metering, SCADA) (EUALALAH)

akta.pro secondary industries

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB), CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK), Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)

Keywords

• City gas distribution
• Natural gas utility
• CNG refueling stations
• District heating services
• Renewable energy solutions

Headquarters

HQ city

Daegu

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. City Gas Supply (도시가스 공급): Core revenue from supplying city gas to residential, commercial, and industrial customers in Daegu, Gyeongsan, Goryeong, and Chilgok regions. Revenue based on consumption volume (won per megajoule) with seasonal and usage-type variations.
2. CNG and Hydrogen Charging (CNG 및 수소 충전사업): Compressed natural gas and hydrogen refueling station operations for vehicles
3. Collective Energy Services (CES) (집단에너지사업): District heating and power generation services
4. Environmental Energy (환경에너지 사업): Landfill gas utilization (LFG) and solid recovered fuel (SRF) facility operations
5. Renewable Energy (신재생에너지 사업): SolarWin solar energy solutions and related renewable energy development

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Daesung Energy supplies city gas (natural gas) to residential, commercial, and industrial customers in the Daegu, Gyeongsan, Goryeong, and Chilgok regions of South Korea under an exclusive regional franchise established in 1983. Beyond regulated gas distribution, the company operates CNG and hydrogen vehicle refueling stations, collective energy (CES) district heating and cogeneration systems, environmental energy facilities including landfill gas utilization (LFG) and solid recovered fuel (SRF) waste-to-energy plants, and the SolarWin solar renewable energy program. Digital customer service is delivered through a Cyber Customer Center web portal and mobile application.

Product overview

Daesung Energy operates as a diversified energy company offering an integrated portfolio of five core business segments: city gas supply as its primary business serving residential, commercial, and industrial customers across Daegu and surrounding regions since 1983; CNG and hydrogen charging infrastructure for vehicles; collective energy (CES/cogeneration) solutions including fuel cell and heat-only systems; environmental energy through landfill gas utilization and waste-to-energy (SRF) facilities; and renewable energy initiatives centered on the SolarWin solar power program. The company also provides customer-facing digital services including a mobile customer center app and cyber customer service platform.

Differentiator

Problem solved

Functional benefit

Products and services

• City Gas Supply (도시가스 공급) Regulated natural gas distribution service supplying city gas to residential households, commercial businesses, and industrial facilities across Daegu, Gyeongsan, Goryeong, and Chilgok. Tariffs are differentiated by usage category (residential, general, commercial heating/cooling, industrial, fuel cell, cogeneration) and billed monthly based on consumption in won per megajoule, with welfare discounts for socially disadvantaged groups.
• CNG and Hydrogen Charging (CNG 및 수소 충전사업) Compressed natural gas (CNG) and hydrogen vehicle refueling station operations, including the Dongmyeong CNG station in Chilgok-gun, Gyeongbuk. Service is open to natural gas vehicle owners and includes emergency response training coordination with regional fire safety authorities.

Quantifiable outcome

• 6 consecutive years (2020-2025) selected as Community Contribution Certified Company with A+ grade
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• 대구광역시 (Daegu Metropolitan City)coreStrategic or Co-development Partner · 30 April 2026Joint safety inspection campaigns for apartment complex exhaust vents targeting 96 complexes with approximately 20,000 households. Collaboration includes pre-emptive safety management and CO poisoning prevention initiatives.
• 한국가스안전공사 대구광역본부 (Korea Gas Safety Corporation Daegu Regional Office)coreStrategic or Co-development Partner · 30 April 2026Tripartite cooperation for joint safety inspections of apartment exhaust vents. Korean Gas Safety Corporation provides technical oversight and safety standards compliance verification.
• 대한적십자사 대구광역시지사 (Korean Red Cross Daegu Metropolitan Chapter)minorStrategic or Co-development Partner · 5 March 2026Joint volunteer activities including free meal services for vulnerable populations. Approximately 50 employees participate in providing meals to 400 elderly residents.
• 대구광역시 및 수성구청 (Daegu City and Suseong-gu Office)minorStrategic or Co-development Partner · 20 November 2025Joint emergency response training for unreported excavation accidents causing damage to medium-pressure gas valves. Includes about 50 related agency personnel in coordinated safety drills.
• 대구소방안전본부 (Daegu Fire Safety Headquarters)minorStrategic or Co-development PartnerEmergency response training coordination for CNG station safety drills. Participation in fire drills and emergency response simulations.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Korea Gas Corporation (KOGAS): National gas utility and LNG importer/operator. Operates upstream of regional city gas distributors like Daesung, providing wholesale gas supply and LNG terminal infrastructure across South Korea.
• SK Gas: LPG and CNG supplier with city gas distribution subsidiaries. Broader energy player with overlapping CNG refueling and gas distribution activities relative to Daesung's CNG and city gas business.

Emerging players

• GS E&R: Distributed energy and renewable energy subsidiary of GS Group. Comparable as a regional player expanding into distributed gas solutions, CHP, and renewable energy adjacent to Daesung's CES and SolarWin segments.

Direct peers

• Korea District Heating Corporation: State-owned district heating and CHP operator. Directly comparable to Daesung's Collective Energy Services (CES) business, providing heat-only and combined heat and power to residential and commercial complexes using gas-fired systems.
• Gyeonggi Energy: Regional city gas utility serving Gyeonggi Province with regulated franchise rights. Closely matches Daesung's business model as a provincial-level gas distributor with diversification into renewables and environmental energy.
• Samchully Energy: City gas distribution and energy services company operating across multiple Korean regions. Comparable to Daesung in regulated gas supply, CHP/district heating, and expansion into clean energy services.
• Seoul City Gas: Regional city gas distributor serving the Seoul metropolitan area under an exclusive franchise. Directly comparable to Daesung in regulated city gas distribution model, customer segmentation (residential, commercial, industrial), and pivot into clean energy and hydrogen.

Others

• Daesung Group (parent): Diversified Korean conglomerate parent of Daesung Energy. Relevant context for group-level capital allocation, shared HR systems, and cross-subsidiary collaboration across energy, environmental, and clean tech holdings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/daesung-energy-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 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 Daesung Energy