Wellmark Group

What Wellmark Group does

Wellmark Group (WELLMARK CO., LTD.) is a South Korean manufacturer of PVC-based products, established in 1999 and headquartered in Cheongju-City, Chungbuk Province. The company produces and supplies LVT (Luxury Vinyl Tile) flooring, SPC (Stone Plastic Composite) Click Tile, decorative tiles in Loose Lay, Hexagon, and Herringbone formats, PVC Roll Flooring and Coin Mat, PVC/PE Tarpaulin, and PVC leather for automotive and upholstery applications. Production is anchored in South Korea and in two wholly-owned Chinese subsidiaries (Shaoxing Wellmark Leather Co., Ltd. and Shaoxing Wellmark Textile Co., Ltd.), supported by a dedicated PVC laboratory covering embossing and printing technology. The portfolio is segmented across three brands — core Wellmark, Prestige (premium tier), and Fjord (specialized product line established 2017-01).

The company operates a B2B, export-driven business model. It sells directly to enterprise customers via website-based online inquiry, phone/email/WhatsApp contact, and direct export distribution that reaches more than 50 countries across the Americas, Africa, and the Middle East. Products carry ISO, EN-71, FR (fire retardant), and REACH compliance certifications, and SPC products are backed by a 20-year residential and 10-year commercial warranty. Pricing is not publicly listed; quotes are provided on inquiry. Wellmark maintains AAA credit ratings from Industrial Bank of Korea (2014-01) and Agriculture Bank of China (2015-01) and operates with a headcount in the 101–250 range. The company is privately held and does not disclose revenue, funding rounds, or named end customers.

Name

Wellmark Group

Legal name

WELLMARK CO., LTD.

Website

https://wellmark.co.kr

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Wellmark Group is a privately held South Korean manufacturer of PVC-based flooring, tiles, tarpaulin, and leather, producing in Korea and through Chinese subsidiaries, and exporting to more than 50 countries via direct B2B sales.

Ownership category

akta.pro rank

Product category

PVC Building Materials

akta.pro primary industry

Resilient Floor Coverings Manufacturing (Vinyl/LVT/Linoleum/Rubber/Cork) (IMAOAJAH)

Keywords

• PVC flooring products
• Vinyl tile manufacturing
• Artificial leather supplier
• Tarpaulin production
• SPC flooring manufacturer

Headquarters

HQ city

Chungbuk

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. PVC Flooring Products: One-time product sales of SPC, LVT, loose lay, and PVC roll flooring for commercial and residential interior applications
2. PVC Leather Products: Sales of PVC artificial leather for car seats and upholstery applications
3. Tarpaulin Products: Sales of PVC and PE tarpaulin for industrial and commercial applications

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Wellmark Group is a South Korea-headquartered manufacturer of PVC (polyvinyl chloride) products, producing and exporting vinyl flooring (LVT, SPC click tile, loose lay, hexagon, herringbone tiles, PVC roll flooring, PVC coin mat), PVC and PE tarpaulin, and PVC artificial leather for automotive and upholstery applications. The company operates its own manufacturing facilities in South Korea and China, exporting to over 50 countries and marketing under the Wellmark, Prestige, and Fjord sub-brands.

Product overview

Wellmark Group is a specialist manufacturer of PVC (polyvinyl chloride) products through global networking, operating from Korea with subsidiaries in China. The company operates a multi-brand portfolio consisting of Wellmark, Fjord, and Prestige sub-brands. The product portfolio includes six main product categories: (1) LVT (Luxury Vinyl Tile) - glue-down format in square and wood plank styles; (2) SPC (Stone Plastic Composite) Click Tile - easy-click system flooring with IXPE/EVA backing; (3) Tiles - including Loose Lay Flooring (100% recyclable, no-glue installation), Hexagon tiles, and Herringbone pattern tiles; (4) PVC Flooring - available as roll flooring and PVC Coin Mat with non-slip embossed surfaces; (5) Tarpaulin - both PVC Tarpaulin (400-1000 GSM woven) and PE Tarpaulin (70-250 GSM); and (6) PVC Leather - for car seats and upholstery applications. The company exports to over 50 countries across America, Africa, and Middle East, practicing quality control meeting global standards. Manufacturing facilities include Korea Wellmark (headquarters in Cheongju-City, Chungbuk Province) and China operations (Shaoxing Wellmark Leather and Shaoxing Wellmark Textile in Zhejiang).

Differentiator

Problem solved

Functional benefit

Brands

• prestige: Premium sub-brand category under Wellmark Group offering specialized PVC products.
• ffjord

Products and services

• LVT (Luxury Vinyl Tile) Glue-down luxury vinyl tile flooring available in square and wood plank formats. Includes LVT Square (470x470mm, 2.0-3.0mm thickness) and LVT Wood (184x950mm) options, with additional sizes 177.8x1219.2mm (7x48") and 152.4x914.4mm (6x36"). Made in South Korea and intended for commercial and residential interior applications.
• SPC (Stone Plastic Composite) Click Tile Easy-click SPC flooring for commercial and residential use. Main size 180x1230mm with 4.0mm thickness and 0.3/0.5mm wear layer. Features IXPE and EVA backing options, 20-year residential warranty, 10-year commercial warranty. Zero formaldehyde, no plasticizer, no heavy metal.
• Loose Lay Flooring 100% recyclable loose lay tile flooring with glass fiber layer for exceptional flexibility and non-slip backing layer. No glue required. Sizes 177.8x1219.2mm with thicknesses of 4.0mm, 4.5mm, and 5.0mm. Noise control, antistatic, and anti-slip properties. DIY installation possible.
• Hexagon Tile Unique size hexagon-shaped tile flooring for luxury interior effect. Available in multiple box configurations with varying installation areas. Additional sizes include 183.0x915.0mm, 152.4x914.4mm, 228.6x914.4mm, 152.4x1219.2mm, 177.8x1219.2mm, and 228.6x1219.2mm.
• Herringbone Tile Mini-sized herringbone pattern tile with refined texture. DIY installation possible with glue. Excellent abrasion, durability, and chemical resistance. Size 7.62x30.48cm with thicknesses of 2.2mm, 2.5mm, and 3.0mm.
• PVC Roll Flooring Spread-type roll PVC flooring for easy construction. Economic option with wide range of design choices and soft material touch. Available in thicknesses from 0.35mm to 1.20mm, width 2.0m, with roll lengths of 25-30m.
• PVC Coin Mat

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Shaw Industries: Berkshire Hathaway-owned US flooring giant producing LVT, SPC and resilient flooring. Competes with Wellmark in the same product categories with much broader distribution networks and brand recognition in North America.
• Mohawk Industries: One of the world's largest flooring manufacturers (US-listed) with extensive LVT, SPC and resilient flooring lines under multiple brands. Competes broadly with Wellmark across categories and export geographies as a much larger incumbent.

Direct peers

• Beaulieu International Group: Belgian flooring group with established resilient vinyl flooring and LVT offerings. Directly competes with Wellmark in vinyl flooring for residential and commercial applications across global export markets.
• Tarkett: French multinational flooring manufacturer with a strong resilient/LVT product portfolio sold globally. Directly competes with Wellmark in LVT and loose-lay vinyl flooring, including commercial and residential segments.
• IVC Group: European vinyl flooring specialist (now part of Shaw Industries) producing LVT and sheet vinyl. Direct peer in the resilient flooring category, with comparable focus on commercial and residential LVT.
• CFL Flooring: Asia-based SPC and rigid vinyl flooring manufacturer with strong global distribution. Direct peer given overlapping SPC technology platform and similar export-led business model targeting the same product category.
• Novalis: Asia-headquartered (Hong Kong/China) LVT and rigid core flooring manufacturer with global distribution. Direct peer in the LVT/SPC flooring category with comparable export-led go-to-market approach.
• Hyundai L&C: Korean building materials manufacturer producing PVC flooring, wall coverings, and engineered surfaces. Direct peer given shared Korean origin, PVC manufacturing heritage, and overlapping commercial/residential flooring product lines.
• Mannington Mills: US-based flooring manufacturer with a significant luxury vinyl tile (LVT) and resilient flooring range. A direct competitor to Wellmark in residential and commercial LVT, particularly across the Americas export market.
• LG Hausys: Korean manufacturer of building materials including vinyl flooring, PVC products, and surface materials. Direct peer based on country of origin, PVC technology platform, and overlapping product categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/solvents-and-chemicals-inc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Wellmark Group