What Young Poong Paper does

Young Poong Paper (rebranded to Blue Industrial Development (블루산업개발) in October 2025) is a South Korean B2B industrial paper manufacturer founded in 1970 and listed on the Korea Stock Exchange since 1996. The company produces two core product lines: core paper (지관원지) used as winding tubes for chemical fibers (POY, DTY), films, cotton yarn, fiber drums, and paper manufacturing applications; and liner paper (라이너지) used for surface, bottom, and fluting layers of corrugated cardboard packaging serving agricultural and industrial markets. The product portfolio includes 13 SKUs across both lines (CB-SH, CB-B, CB-CA, CB-CB, CB-CC, CB-D for core paper; KAY, KAYH, SKP, KLB, K2, KAR coated/uncoated, YPK for liner paper), manufactured to specific basis weights (150-500 g/m²) and strength specifications.

Production is concentrated at the Pyeongtaek, Gyeonggi-do headquarters across two paper machines combining for 800 tons/day of capacity: a 300 ton/day circular net multi-cylinder machine (No. 2) producing core paper, and a 500 ton/day single-wire multi-cylinder machine (No. 3, supplied by Over Meccanica) producing both core and liner paper. The company operates a wholly owned subsidiary, Youngpoong Packaging (acquired May 2023), which provides vertical integration into corrugated packaging at a Cheongju facility. Self-operated waste treatment infrastructure includes a 3,900 kg/hr Stoker-type incinerator with 100% self-incineration of waste synthetic resin, multi-stage air pollution control, and biological/chemical water treatment facilities (Bio-Combinator, Fenton oxidation, hollow-fiber membrane filtration).

The business model is sales-led B2B with direct corporate relationships serving two primary end markets: chemical and synthetic fiber manufacturers (who require high-strength paper cores) and corrugated packaging manufacturers (who require liner paper for boxes). Pricing is not publicly disclosed and is negotiated through direct inquiry. The company employs approximately 100 staff, generated 881 billion KRW in FY2024 revenue (down from 1,054 billion KRW in 2022), and reported an operating loss of -139 billion KRW and net loss of -219 billion KRW in FY2024. The 2025 corporate rebranding to Blue Industrial Development reflects an attempt to reposition beyond pure paper manufacturing toward broader industrial recycling and environmental services.

Name

Young Poong Paper

Legal name

블루산업개발(주)

Website

https://yp21.co.kr

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Short description

Young Poong Paper (Blue Industrial Development) is a South Korean B2B paper manufacturer producing core paper for chemical fiber winding and liner paper for corrugated packaging, operating 800 tons/day of production capacity across two Pyeongtaek facilities for industrial buyers.

Ownership category

akta.pro rank

Product category

Industrial Paper Manufacturing

NAICS

Paper Mills (32212), Pulp, Paper, and Paperboard Mills (3221), Paper Mills (322120), Other Paperboard Container Manufacturing (322219), Paper Manufacturing (322)

SIC

Paper Mills (2621), Papers & Allied Products (2600), Paperboard Mills (2631), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)

akta.pro primary industry

Industrial & Technical Paper Manufacturing (Electrical, Abrasive Backing, Medical/Pharma) (IMAMAEAD)

akta.pro secondary industries

Paper & Paperboard Packaging Converting & Finishing (Die-Cutting, Gluing, Windowing, Coating) (IMALACAL), Paper Converting Services (slitting, sheeting, coating, laminating, rewinding) (IMAMAHAJ)

Keywords

• Industrial paper manufacturing
• Core paper products
• Liner paper production
• Corrugated packaging materials
• Recycled paper manufacturing

Headquarters

HQ city

Pyongtaek

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Core Paper Manufacturing and Sales: Manufacturing and sale of core paper (지관원지) used for winding chemical fibers, films, and cotton yarn in industrial manufacturing processes. Products include CB-SH, CB-B, CB-CA, CB-CB, CB-CC, and CB-D grades with various basis weights.
2. Liner Paper Manufacturing and Sales: Manufacturing and sale of liner paper (라이너지) for corrugated cardboard packaging. Products serve as surface, bottom, and fluting layers for packaging boxes in agricultural and industrial applications.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Blue Industrial Development (formerly Young Poong Paper) manufactures and sells industrial paper products, principally core paper (지관원지) used as paper tubes for winding chemical fibers, films, and cotton yarn, and liner paper (라이너지) used as surface, inner, and fluting layers in corrugated cardboard packaging. The company operates two production lines (환망다통식 No.2 at 300 ton/day and 단망다통식 No.3 at 500 ton/day) totaling 800 tons/day of capacity, and sells directly to industrial manufacturers across Korea with a USA subsidiary in Phoenix, Arizona.

Product overview

Young Poong Paper (블루산업개발) is a paper manufacturing company with 55 years of history, producing two main product lines: Core Paper (지관원지) and Liner Paper (라이너지). The Core Paper products (CB-SH, CB-B, CB-CA, CB-CB, CB-CC, CB-D) are used for paper tubes supporting chemical fibers, films, and cotton yarn. The Liner Paper products (KAY, KAYH, SKP, KLB, K2, KAR, YPK) serve as surface and core layers in corrugated cardboard packaging. Production is handled through two facilities: No. 2 (환망다통식, 300 ton/day) and No. 3 (단망다통식, 500 ton/day).

Differentiator

Problem solved

Functional benefit

Products and services

• Core Paper (지관원지) — CB-SH, CB-B, CB-CA, CB-CB, CB-CC, CB-D grades

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators8 records

Recent moves12 records

Expansion highlights10 records

Direct peers

• Hansol Paper: One of Korea's largest paper manufacturers producing printing/writing paper, industrial paper, and packaging grades. Competitor in Korean liner and industrial paper markets with broader product portfolio and larger scale.
• Moorim Paper: Korean paper manufacturer producing liner, core, and specialty industrial paper grades for packaging and industrial winding. Direct competitor to Young Poong Paper in Korea's industrial paper segment with similar product mix and end markets.
• Shinho Paper: Korean paper manufacturer focused on specialty and industrial paper grades including core paper for industrial applications. Comparable in scale and product focus to Young Poong Paper.
• Jeonju Paper: Korean liner paper and corrugated containerboard producer. Direct competitor in liner paper for corrugated packaging applications serving the same Korean box-maker customer base.
• Youngpoong Packaging (Subsidiary): Wholly-owned subsidiary acquired May 2023 producing corrugated packaging for agricultural and industrial products. Reference for downstream integration peer comparison and provides captive demand for Young Poong's liner paper.
• Asia Paper Manufacturing: Korean specialty paper manufacturer producing core paper for textile winding and various industrial paper products. Direct competitor in the Korean core paper segment serving chemical fiber manufacturers.

Broad incumbents

• Smurfit Kappa: Global leader in corrugated packaging with vertically integrated paper mills producing liner and containerboard. Comparable in liner paper production and downstream packaging integration, though at global scale.
• Nippon Paper Industries: Major Japanese paper manufacturer producing industrial paper, containerboard, and specialty paper grades. Comparable in industrial paper production capabilities and end-market exposure, particularly relevant given Asian chemical fiber supply chains.
• Mondi: European paper and packaging group producing containerboard, kraft paper, and industrial paper. Comparable in liner paper production and sustainable packaging positioning, though at significantly larger scale.

Regional players

• Yuen Foong Yu Paper: Taiwanese paper manufacturer producing liner paper, containerboard, and corrugated packaging materials. Comparable in containerboard production and geographic proximity to Asian chemical fiber and packaging end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Young Poong Paper