What FOOSUNG does

Foosung Group (후성그룹) is a privately-held South Korean diversified industrial conglomerate headquartered in Seongnam, Gyeonggi Province (Bundang-gu, Dolma-ro 48, Foosung Building 8F). The group was established in 2014 and operates through ten wholly-owned subsidiaries organized across four business sectors: chemicals, construction/refractories, defense/automotive/IT, and trading. Named subsidiaries include Foosung Corporation (specialty chemicals), Korea Refractories (한국내화), Pertech (defense/aerospace), Ucon Systems (drone and unmanned systems), Foosung Jung Gong, Ilkwang E&C, Transit, Hantech, and Oceans Global. The conglomerate is led by Chairman Kim Geon-soo, with Vice Chairmen Song Han-joo and Kim Yong-min and Korea Refractories Representative Director Byeon Seong-heui.

Name

FOOSUNG

Legal name

Foosung Group

Website

https://foosung.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Foosung Group is a South Korean private conglomerate operating through ten subsidiaries that produce lithium battery electrolyte additives (LiPO2F2, LiPF6, LiDFOB, LiBF4), high-functional refractories for steelmakers, and unmanned aerial vehicles and military robots for defense customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels1 record

Marketing channels3 records

Core offering

Foosung Group is a South Korean diversified industrial conglomerate that manufactures and supplies specialty chemicals (lithium battery electrolyte additives including LiPO2F2, LiPF6, LiDFOB, LiBF4), steel-industry refractories (blast furnace refractory wall maintenance, continuous casting refractories), defense and aerospace systems (unmanned aerial vehicles, military robots, light aircraft, FADEC engine controls), and operates a trading business through its 10 wholly-owned subsidiaries. Products are sold business-to-business to chemical, steel, defense, and aerospace customers.

Product overview

Foosung Group is a diversified South Korean conglomerate with operations spanning four main business sectors: Chemicals (producing lithium battery materials including LiPO2F2, LiPF6, LiDFOB, LiBF4), Construction/Refractory (blast furnace maintenance technology, CCN factory for premium refractory products), Defense/Automotive/IT (unmanned aerial vehicles including Hero 30 UAV systems, TiltDuct VTOL robots, Scobot military robots, RemoEye surveillance drones, REMO Farm agricultural drones, light aircraft, FADEC engine controls, actuation systems), and Trading. The group operates through multiple subsidiaries including Foosung Corporation, HAN Kook Refractories, PersTech, Euclid Systems, and others, providing products ranging from battery materials to aerospace defense systems.

Differentiator

Problem solved

Functional benefit

Products and services

• LiPO2F2 (Lithium Battery Electrolyte Additive, 리튬 배터리 전해액 첨가제) Electrolyte additive for lithium batteries, used as a key material for LiPF6 and electrolyte additives, with expanded production capacity to meet the rapidly growing secondary battery market demand for IT devices, electric vehicles, and energy storage. Sold as a raw material to battery manufacturers and chemical companies such as Central Glass.
• LiPF6 (Lithium Hexafluorophosphate, 육불화인산리튬) Main raw material for lithium battery electrolyte produced by Foosung as part of its comprehensive lithium battery material portfolio, supplied to battery and chemical customers.
• LiDFOB (Lithium Difluorooxalate Borate, 디플루오로옥살산 붕산리튬) Electrolyte additive for lithium batteries produced by Foosung as part of its comprehensive battery material product line. Sold to battery manufacturers and chemical companies.
• LiBF4 (Lithium Tetrafluoroborate, 사불화붕산리튬) Electrolyte additive for lithium batteries produced by Foosung as part of its battery material product line. Sold to battery manufacturers and chemical companies.
• Hero 30 Composite UAV (Unmanned Aerial Vehicle, 히어로 30 복합무인기) Multi-mission unmanned aerial vehicle developed in partnership with Israel's Uvision Air Ltd. Capable of both short-range reconnaissance and strike missions, portable by one person, equipped with day/night electro-optical/infrared (EO/IR) seeker for 360-degree precision tracking and engagement of fixed and moving targets. Sold to defense agencies and military customers.
• TiltDuct VTOL Flight Robot System (수직이착륙 비행로봇 시스템) Vertical take-off and landing flight robot system featuring tiltduct-shaped wings that protect structures during flight and increase thrust by over 30%. Mobile ground control system mounted inside 2.5-ton class vehicles. Capable of flight exceeding 1.5 hours and speeds over 150 km/h, operable in areas without runways. Sold to defense and aerospace customers.
• Scobot (Portable Multi-Purpose Military Robot, 소형 무인 군용로봇) Portable multi-purpose military robot system operated as part of unmanned systems showcased at defense exhibitions. Sold to defense agencies and military customers.
• RemoEye (Surveillance UAV, 감시정찰 무인기) Surveillance reconnaissance unmanned aerial vehicle developed by Ucon Systems (유콘시스템) as part of unmanned system solutions, sold to defense and security customers.
• REMO Farm (Agricultural Spray Drone, 농업용 방제 드론) Agricultural spray drone developed by Ucon Systems for agricultural applications. Sold to agricultural users and drone distributors.
• 2-Seater Light Aircraft (2인승 경량항공기) Leisure 2-seater light aircraft developed domestically with government investment. Domestically produced aircraft priced at approximately 150 million KRW, significantly lower than comparable foreign aircraft priced at 180 million KRW. Sold to aviation/leisure customers and government buyers.
• Blast Furnace Refractory Wall Maintenance Technology and S/N Gate (고로 노벽 보수 내화물 및 제강 S/N Gate) Domestic production technology for blast furnace refractory wall maintenance and steelmaking S/N Gate, developed by Korea Refractories (한국내화) as a domestic substitution. Designed to stabilize molten steel flow and prevent oxidation to improve steel quality. Sold to steel manufacturers such as Hyundai Steel.
• FADEC EECU (Full Authority Digital Engine Control) Aircraft gas turbine engine control system showcased at defense exhibitions as part of ultra-precision control systems. Sold to aerospace and defense customers.
• Actuation System (Flight and Attitude Control System) Actuation system for flight and attitude control of aerial vehicles, showcased as part of Foosung's defense core systems. Sold to aerospace and defense customers.
• High-Functional Refractories for Continuous Casting (CCN 공장 제품) High-functional refractory products for continuous casting (CCN) manufactured at Korea Refractories' dedicated CCN factory (3,250 tons annual capacity). Targets the domestic substitution of imported refractories for the steel industry. Sold to steel manufacturers.

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• 정부 (산업부)coreStrategic or Co-development Partner · 12 January 2021정부는 현재와 미래 글로벌 소부장 공급망을 주도할 핵심기업 육성을 목표로 기초화학 분야에서 후성을 '소부장 으뜸기업'으로 선정하였다. 정부 차원에서 향후 5년간 최대 2,500억 (연간 50억) R&D 자금을 지원하며 4,000억 규모 정책자금 펀드도 제공한다. 또한 범정부 차원 소부장 지원프로그램과 연계하여 기술개발→사업화→글로벌 진출 등 전 주기에 걸쳐 으뜸기업을 밀착 지원한다.
• AMPEX (미국)minorStrategic or Co-development Partner유콘시스템이 싱가폴 에어쇼 2018 전시회에서 AMPEX(미국)社와 현지조립생산협력을 위한 MOU를 체결하였다.
• Geonoise (동남아)minorStrategic or Co-development Partner유콘시스템이 싱가폴 에어쇼 2018 전시회에서 Geonoise(동남아)社와 동남아 지역 유콘 무인기 판매협력을 위한 MOU를 체결하였다.
• Uvision Air Ltd (이스라엘)coreTechnology or Integration퍼스텍은 서울 국제 항공우주 및 방위산업 전시회(Seoul ADEX 2017)에서 이스라엘 유비젼(Uvision Air Ltd)社와 복합무인기 '히어로(Hero) 30'의 국내 사업 MOA를 체결하였다. 이는 2016년 9월 MOU 체결에서 협의했던 내용의 세부 계약으로, 퍼스텍은 유비젼 제품의 한국 독점 마케팅 및 히어로시리즈 해외 판매를 할 수 있게 되었다.
• Central GlasscoreStrategic or Co-development Partner후성은 주요 고객사 Central Glass의 시미즈 대표이사를 포함한 Guest들과 함께 Lithium Battery 소재인 LiPO2F2 증설 공장 준공식을 진행하였다. Lithium Battery는 IT기기에서부터 전기자동차 및 에너지 저장에 이르기까지 다양하게 개발되고 있으며, 관련 산업의 수요 증가로 2차 전지 시장이 급속히 성장하고 있다.
• 현대제철coreStrategic or Co-development Partner한국내화는 현대제철 기술박람회에 참가하여 고로 노벽 보수 국산화 및 제강 S/N Gate를 전시하였으며, 현대제철 경영진과 대·내외 인사들이 당사의 국산화 시도에 많은 격려를 해주었다. 한국내화는 현대제철과 품질&신뢰에 기반을 둔 상생 협력 활동을 통해 서로 win-win할 수 있는 모델을 제시하였다.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Doosan Group: Korean diversified conglomerate with industrial, chemicals, and advanced technology businesses. Comparable conglomerate structure spanning basic materials through advanced technology with similar Korean industrial customer base and government relationship profile.
• Hanwha Group: Korean diversified conglomerate with chemicals (Hanwha Solutions), defense (Hanwha Defense), and advanced materials businesses. Comparable horizontal conglomerate structure spanning chemicals, defense, and advanced technology, serving similar Korean industrial customer base.
• RHI Magnesita: Global leader in refractory products serving steel, cement, and glass industries. Comparable to Korea Refractories' CCN and blast furnace refractory products, competing in the same continuous casting and steel refractories market.
• POSCO Holdings: Major Korean diversified steel and chemicals conglomerate with extensive battery materials (POSCO Future M) and refractory-related operations. Larger incumbent serving overlapping customers (Hyundai Steel, Korean battery makers) with broader portfolio spanning steel, chemicals, and advanced materials.

Direct peers

• Korea Aerospace Industries (KAI): Major Korean aerospace and defense manufacturer producing fixed-wing aircraft, UAVs, and defense systems. Comparable to Pertech and Ucon Systems' defense/drone offerings, particularly relevant given the 27.9 billion KRW light aircraft program Foosung developed.
• Stella Chemifa: Japanese specialty chemical manufacturer producing high-purity hydrofluoric acid and lithium battery electrolyte additives. Direct competitor to Foosung in lithium battery electrolyte chemistry and existing Central Glass-adjacent Japanese customer base.
• Soulbrain: Leading Korean specialty chemicals company producing lithium battery electrolyte materials including LiPF6 and other electrolyte additives. Direct competitor to Foosung Corporation in the Korean lithium battery materials market, serving similar EV and ESS customers with comparable lithium electrolyte chemistry portfolios.
• UVision Air Ltd: Israeli manufacturer of tactical loitering munition UAVs including the Hero 30 system. Already a strategic partner to Foosung's Pertech subsidiary via Korean-distribution MOA, but also a direct competitor in the tactical UAV market for defense customers globally.
• Hanwha Defense: Korean defense manufacturer specializing in armored vehicles, artillery, and unmanned systems. Comparable to Foosung's defense/UAV portfolio through Pertech, competing in the same Korean defense procurement and tactical UAV segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about FOOSUNG