DK&D

What DK&D does

DK&D Co., Ltd. is a South Korea-based, KOSDAQ-listed (ticker 263020) manufacturer of synthetic leather, non-woven fabrics, and related raw materials, founded in 1998 (renamed to DK&D in 2016) and headquartered in Ansan-si, Gyeonggi-do. The company operates wet and dry polyurethane coating processes across polyester, nylon, Spandex, and natural/regenerated fabric bases to produce the RAMSKIN, RAMKID, DS-SUEDE, and AUTOSKIN product lines for global fashion, automotive, electronics, furniture, sports, and defense customers. Beyond core synthetic leather, DK&D runs DK VINA (Vietnam, world's largest high-grade needle-punching non-woven capacity), ZT VINA (2025 JV with China's ZHENTAI for IKEA/TATAMI supply), DADA Corp/DADA DHAKA (Bangladesh hat manufacturing contributing ~30% of revenue), and Shanghai DK&D for Chinese distribution.

The business model is B2B direct export to global brand customers, with quotation-based pricing, made-to-order custom manufacturing, and bundled technical engineering consulting as a core sales lever. DK&D supplies Nike, Adidas, Under Armour, Sony, Bose, Hyundai, KIA, Genesis, Audi, Renault Samsung, Valentino, Moncler, Samsonite, Delta, American Airlines, IKEA, and the Swedish Ministry of Defence, among others. The company monetizes through hardware sales across synthetic leather, non-woven fabric, raw materials (polyurethane resin, fluorine-free water repellent agents, UV stabilizers), masks/protective clothing, and cosmetics mask sheets. Recent strategic vectors include silicone-based synthetic leather for humanoid robots (in partnership with an NVIDIA/Microsoft/OpenAI-backed firm), VOC-reducing materials, and IR-camouflage military textiles, funded by KRW 200+ billion in cash and KRW 430+ billion in retained earnings as of Q1 2025.

Name

DK&D

Legal name

DK&D Co., Ltd.

Website

https://dknd.co.kr

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

DK&D is a South Korea-based, KOSDAQ-listed manufacturer of synthetic leather, non-woven fabrics, and raw materials, supplying global fashion, automotive, electronics, and defense brands via custom manufacturing across Korea, Vietnam, China, and Bangladesh.

Ownership category

akta.pro rank

Product category

Synthetic Leather and Non-Woven Fabric Manufacturing

NAICS

Leather and Allied Product Manufacturing (316), Other Leather and Allied Product Manufacturing (31699), Resin and Synthetic Rubber Manufacturing (32521), Other Leather and Allied Product Manufacturing (3169)

SIC

Leather & Leather Products (3100), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)

akta.pro primary industry

Leather, Suede & Alternatives (PU/Bio-based) (CRAAAMAG)

akta.pro secondary industries

Vegan/Alternative Material Goods Manufacturing (PU/Plant-based/Mycelium) (IMAOAHAH), Textile, Leather & Paper Specialty Chemicals (IMAEABAM)

Keywords

• Synthetic leather manufacturing
• Non-woven fabric production
• Polyurethane resin materials
• Automotive interior materials
• Eco-friendly coated textiles

Headquarters

HQ city

Gyeongju

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Synthetic leather manufacturing and sales: Design, development, and manufacturing of synthetic leather products sold directly to global brands through export and local supply. Products include RAMSKIN, RAMKID, and DS SUEDE series for clothing, bags, headsets, furniture, and automotive applications.
2. Non-woven fabric manufacturing and sales: Production and distribution of needle-punching non-woven fabric for footwear, automotive interiors, and industrial applications. Vietnam facility produces needle-punching non-woven fabric.
3. Raw materials distribution: Distribution of raw materials and components related to synthetic leather and non-woven fabric including polyurethane resin, water repellent agents, and additives.
4. Hat manufacturing and sales: Subsidiary DADA Corp develops hats and conducts overseas sales, with manufacturing facility in Bangladesh. Contributes approximately 30% of total revenue.
5. Mask and protective clothing products: Production and sales of masks and protective clothing, including dental masks, industrial masks, and medical protective gear. Expanded during COVID-19 pandemic.
6. Cosmetics mask sheet products: Production of mask sheets for cosmetics including Rose, Chrysanthemum, Marigold, Green Tea, Bamboo, Cupra+Tencel, Tencel, Gauze, and Bio Magnetic variants.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

DK&D designs, develops, and manufactures synthetic leather (RAMSKIN, RAMKID, DS-SUEDE series) via wet and dry polyurethane coating processes on polyester, nylon, Spandex, and natural/regenerated fabric bases. The company also produces needle-punched non-woven fabrics, polyurethane resins, water repellents, UV stabilizers, masks, protective clothing, cosmetic mask sheets, and emerging humanoid robot skin materials. Products are sold directly to global fashion brands, automotive OEMs, electronics manufacturers, and industrial customers worldwide.

Product overview

DK&D is a synthetic leather and non-woven fabric manufacturer operating as a diversified materials company with multiple product lines. Core products include: (1) Synthetic Leather - produced via wet and dry coating processes on polyester, nylon, spandex, and natural/recycled fabrics, available in RAMSKIN Series (clothing applications with air permeability), RAMKID Series (clothing with leather-like texture), DS-SUEDE (ultra-thin microfiber), and specialized lines for automotive interiors (AUTOSKIN), furniture, headsets, bags, accessories, and IT cases; (2) Non-woven Fabric - needle punching and waterjet processing from natural plant fibers for shoes, balls, and automobiles; (3) Raw Materials - polyurethane resin, water repellent agents, UV stabilizers, and anti-fouling treatments; (4) Masks & Protective Clothing - dental/industrial masks, melt blown filters, protective clothing for medical institutions; (5) Cosmetic Mask Sheets - various formulations including bamboo, tencel, cupra, rose, gauze, and bio magnetic variants. The company supplies to global brands including Nike, Adidas, Under Armour, Valentino, Wolford, Sony, Bose, and automotive manufacturers.

Differentiator

Problem solved

Functional benefit

Products and services

• RAMSKIN Series Synthetic Leather

Quantifiable outcome

• 2025 consolidated revenue increased 26.7% to KRW 142.5 billion; Operating profit increased 44.4% to KRW 12.2 billion
• +3 more outcomes

Named customers44 records

Segments10 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, strategic and minor.

• Global Humanoid Robot CompanycoreStrategic or Co-development Partner · 1 April 2026Partnership established for robot skin (humanoid robot exterior material) development. The partner company is known to be backed by NVIDIA, Microsoft, and OpenAI. Currently generating revenue from robot skin supply, with discussions ongoing to expand collaboration beyond current models to next-generation and beyond humanoid robots. DK&D is developing silicone-based synthetic leather with breathability, flexibility, and durability for robot applications.
• ZHENTAI (쩐타이)coreStrategic or Co-development Partner · 1 August 2025Strategic joint venture partnership established in Vietnam operating as ZT VINA with annual production capacity of 360,000m. ZHENTAI is a Chinese non-woven fabric machinery R&D and manufacturing company with annual revenue of approximately CNY 2.6 billion (approx. KRW 500 billion). Joint venture targets IKEA for furniture materials and TATAMI for mat products, expanding market reach to China and Indonesia markets.
• DADA Corp (주)다다씨앤씨)coreStrategic or Co-development Partner · 1 January 2022Subsidiary acquired through turnaround management. Develops hats and conducts overseas sales with manufacturing facility in Bangladesh. DADA (DHAKA) Ltd. is a hat manufacturing and export company in Bangladesh contributing approximately 30% of group revenue.
• Squares (주)스퀘어즈)strategicStrategic or Co-development Partner · 1 January 2022Subsidiary acquired through turnaround management, operating as a sub-subsidiary under DK&D group structure.
• Kunshan Wonbong China CompanyminorStrategic or Co-development Partner · 1 June 2006Joint venture partnership for artificial leather manufacturing in China. Capital investment of USD 1.2 million with DK&D holding 40% stake. This represents earlier international partnership strategy.
• China Jiaxing SambominorStrategic or Co-development Partner · 1 April 2002Early joint venture for toner and special additives production factory in China. Initial capital investment of USD 300,000 with DK&D holding 10% stake, marking entry into Chinese market.
• Taiwan Sanfang Chemical (삼방화학)strategicStrategic or Co-development PartnerWorld's largest manufacturer of synthetic leather for footwear, partnering with DK&D for eco-friendly products. DK&D has certification completed for eco-friendly materials required by this partner.

Scale indicators17 records

Recent moves13 records

Expansion highlights6 records

Others

• Stahl: Dutch specialty chemicals company focused on leather finishes, coatings, and performance chemicals, comparable to DK&D's water repellent, UV stabilizer, and surface treatment product lines that it supplies to the same global leather and synthetic leather finishing markets.
• Covestro: Major German polyurethane and coatings raw materials producer that supplies the dispersions and resin inputs DK&D uses to formulate its proprietary eco-friendly PU. Comparable as a key raw material and technology counterpart in the synthetic leather supply chain.
• BASF: Global leader in polyurethane raw materials and specialty chemicals, supplying PU resins, coatings additives, and finishing chemicals into the same synthetic leather value chain that DK&D operates in. Comparable as a critical upstream materials supplier rather than a finished product competitor.

Broad incumbents

• Teijin: Large Japanese diversified materials group with a synthetic leather and high-performance fiber business that overlaps DK&D's product set. DK&D is also a Teijin customer, making it both a competitor (in materials) and a customer relationship.
• Asahi Kasei: Japanese diversified chemicals and materials conglomerate with a leathers and textiles division (including Lamous artificial leather) serving automotive interiors, footwear, and apparel — overlapping with DK&D's automotive and fashion end markets.
• Toray Industries: Major Japanese advanced materials maker with ultrasuede-style artificial suede and a broad portfolio that includes synthetic leather substrates, competing with DK&D across automotive interiors, fashion, and electronics applications as part of a much larger portfolio.

Regional players

• Hyosung TNC: Korean textile and materials producer with nylon, polyester, and specialty fiber businesses that intersect with DK&D's non-woven and coated fabric value chain, and serves overlapping Korean and global apparel customers.

Direct peers

• Kuraray: Japanese manufacturer of Clarino artificial leather and specialty chemicals serving the same apparel, footwear, automotive interior, and electronics customers as DK&D. Directly comparable in technology (PU/non-woven composite artificial leather) and end-market mix.
• San Fang Chemical Industry: Taiwan-listed world's largest manufacturer of synthetic leather for footwear, with whom DK&D has an explicit strategic partnership for eco-friendly products. Directly comparable in product category (PU synthetic leather), target customers (footwear and apparel brands), and manufacturing technology (wet and dry PU coating).
• Kolon Industries: Korean-listed industrial materials company producing synthetic leather, films, and chemicals, directly competing with DK&D in PU artificial leather for automotive and fashion applications within the same Korean industrial materials ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about DK&D