Daeyang

What Daeyang does

Daeyang is a Seoul, South Korea-based private company. The source data presents conflicting characterizations: firmographic metadata identifies Daeyang as a labor management and labor law firm, while the technology and partnership data describe a power-generation industrial technology company with proprietary heat exchanger heat element technology. The substantive technical evidence — including a co-development partnership with Kopec and a demonstration agreement at the Cirebon Unit 2 coal-fired power plant in Indonesia — better characterizes Daeyang's current operational focus. Its core technology is a heat exchanger heat element designed to address low-temperature corrosion and pressure differential issues in air preheaters at coal-fired power plants. The company's primary product line targets Indonesian power generation utilities operating coal-fired facilities, with a stated expected market opportunity of $1.5 million.

The partnership with Kopec is described as a mutual co-development arrangement focused on demonstrating the heat exchanger technology at a live plant site. The segment approach is vertical, with power generation utilities as the primary use case. The company's revenue model, pricing structure, customer list beyond the pilot site, and headcount are not disclosed in the source material. Key data gaps include: no disclosed revenue, no funding history, no management team details, no certifications, and no offices beyond the Seoul headquarters. The conflicting firmographic description (labor law firm) versus technology narrative (industrial hardware) introduces significant uncertainty about Daeyang's identity and should be resolved before any investment decision.

Name

Daeyang

Website

https://labordy.co.kr

Company type

Private

Short description

Daeyang is a Seoul-based private company that co-developed heat exchanger heat element technology with Kopec to address low-temperature corrosion and pressure differential issues in air preheaters at coal-fired power plants, with a demonstration underway at the Cirebon Unit 2 power plant in Indonesia.

Ownership category

akta.pro rank

Product category

Industrial Heat Exchangers / Power Generation Equipment

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Fossil Fuel Electric Power Generation (221112)

SIC

Industrial Process Furnaces & Ovens (3567), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

akta.pro secondary industries

Power Plant Retrofit, Life Extension & Environmental Controls EPC (FGD/SCR/ESP) (EUAEAAAO), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Heat exchanger technology
• Power generation equipment
• Air preheater solutions
• Corrosion mitigation systems
• Thermal power plant maintenance

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Personnel

Core offering

Daeyang develops and provides heat exchanger heat element technology targeting low-temperature corrosion and pressure differential issues in air preheaters at coal-fired power generation facilities. The technology was co-developed with Kopec and is being demonstrated at the Cirebon Unit 2 power plant in Indonesia. The expected market opportunity for this technology in Indonesian power plants is approximately $1.5 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Heat Exchanger Heat Element Technology A co-developed heat exchanger heat element technology created with Kopec to address low-temperature corrosion and pressure differential issues in air preheaters at coal-fired power generation facilities. Targeted at Indonesian power generation utilities operating coal-fired power plants.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• KopeccoreStrategic or Co-development Partner · 1 August 2025Kopec is a co-development partner in the heat exchanger heat element technology project. The partnership focuses on developing a heat exchanger heat element to address low-temperature corrosion and pressure differential issues in air preheaters. A demonstration agreement was signed to test this co-developed technology at Cirebon Unit 2 power plant in Indonesia.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Emerging players

• Holtec International: Holtec develops heat-transfer and cooling technologies used in power generation and industrial applications. It is comparable as a specialty engineering peer developing performance and durability enhancements for power plant thermal equipment.

Direct peers

• SPX Heat Transfer (SPX Technologies): SPX Heat Transfer designs and manufactures heat exchangers and air-cooled steam condensers for power and process industries. It is comparable to Daeyang on the heat-transfer manufacturing side for power generation applications.
• Babcock & Wilcox: Babcock & Wilcox manufactures boilers and heat-transfer equipment, including air preheaters, for thermal power plants globally. It directly overlaps with Daeyang's target use case of addressing corrosion and performance issues in coal-fired power plant air preheaters.
• KOPEC (Korea Power Engineering): KOPEC is Daeyang's named co-development and demonstration partner for the heat element technology, an EPC firm serving Korean and overseas thermal power markets. It is directly comparable both as the partner channel and as a potential EPC integrator for similar retrofits.
• Howden: Howden designs and supplies air preheaters and heat-transfer equipment for power generation and industrial markets. Its Ljungstrom rotary air preheater line directly competes with the kind of heat element technology Daeyang is developing for coal-fired plant retrofits.
• Balcke-Dürr (Dürr AG): Balcke-Dürr supplies heat-transfer components including air preheaters and economizers for thermal power plants, especially in retrofits. It competes in the same niche where Daeyang's heat element for air preheaters is positioned.
• Clyde Bergemann (MAN Energy Solutions): Clyde Bergemann specializes in air preheaters and heat-transfer systems for thermal power plants, with strong presence in Asian coal-fired markets. It is a directly comparable supplier competing in the same component category Daeyang targets.

Broad incumbents

• Doosan Enerbility (Doosan Heavy Industries): Doosan Enerbility is a major Korean EPC and OEM for thermal power boilers, including coal-fired units and heat-transfer equipment. It serves overlapping end customers to Daeyang via a far broader product portfolio and global EPC capability.
• Dongfang Boiler (Dongfang Electric): Dongfang Boiler manufactures utility-grade boilers and heat-transfer components for coal-fired and other thermal plants. It is a broad incumbent supplying heat-transfer equipment into Southeast Asian coal-fired markets overlapping Daeyang's geography.
• Harbin Boiler (Harbin Electric): Harbin Boiler is one of the largest Chinese manufacturers of utility boilers and heat-transfer equipment serving coal-fired power plants. It is a broad incumbent overlapping with Daeyang's Indonesian coal-fired target market via Asian export sales.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat1 record

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Daeyang