What Jeonwood Precision does

Founded in August 1992 and headquartered in Gyeongsan, Gyeongsangbuk-do, South Korea, Jeonwoo Precision Co., Ltd. (주전우정밀) is a precision metal-stamping and deep-drawing automotive parts manufacturer. The company produces safety-critical and core automotive components including airbag inflater housings, torque converters, door strikers, door hinges, door latches, motor cases, and ratchet buckles, serving automotive OEMs and Tier 1 suppliers. Jeonwoo Precision has been publicly traded on Korea's KONEX market (KRX:120780) since December 2016, with President Kim Dong-jin as CEO.

The company's core competency is deep-drawing stamping technology marketed as a productivity-enhancing and cost-reducing alternative to traditional forging and machining for complex automotive geometries. Manufacturing assets include 49 power press machines spanning 65 to 1,000 tons, transfer press lines, press robot/shuttle lines, U-shaft press lines, assembly and welding lines, and in-house tooling production lines. Quality assurance is supported by a comprehensive in-house laboratory with tensile testers, coordinate measuring machines, metallographic microscopes, salt spray testers, XRF thickness instruments, and weld checkers. Jeonwoo Precision holds IATF 16949:2016, ISO 14001:2015, SQ MARK certifications from Hyundai Motor Company and Kia Motors, and 18 Korean patents alongside one trademark and two industrial design registrations.

Jeonwoo Precision operates a direct B2B enterprise field-sales model, supplying automotive customers on a contract basis with quote-based pricing tied to specifications and volumes. The company runs two wholly-owned manufacturing subsidiaries in Taicang, Jiangsu Province, China (Factory 1 opened February 2003, Factory 2 opened January 2015), and maintains overseas sales operations including a USA sales office. The customer base is anchored in the Korean automotive sector, with SQ MARK-certified supply relationships with Hyundai Motor Company and Kia Motors; export volumes reached $10 million USD by 2017, earning the Korean Government $10 Million Export Tower Award.

Name

Jeonwood Precision

Legal name

(주)전우정밀 (Jeon Woo Precision Co., Ltd.)

Website

https://jwjm.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Founded in 1992, Jeonwoo Precision Co., Ltd. is a South Korean automotive parts manufacturer specializing in precision metal stamping and deep drawing, producing safety-critical components such as airbag inflater housings, torque converters, door hardware, and motor cases for automotive OEMs.

Ownership category

akta.pro rank

Product category

Automotive Parts Manufacturing

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320)

SIC

Metal Forgings & Stampings (3460)

akta.pro primary industry

Seatbelt Assemblies & Webbing Hardware Manufacturing (IMACAMAC)

akta.pro secondary industry

Automotive Electric Motors & Actuators Manufacturing (EPS/Brake-by-wire/Seat/Window) (IMACAJAL)

Keywords

• Automotive parts manufacturing
• Precision metal stamping
• Deep drawing technology
• Automotive safety components
• Metal forming services

Headquarters

HQ city

Gyeongsan

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Automotive Parts Manufacturing: Manufacturing and sale of precision-stamped automotive components including safety parts. Revenue generated through direct supply contracts with automotive OEMs and tier 1 suppliers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Jeonwood Precision (전우정밀 / Jeon Woo Precision Co., Ltd.) is a South Korean automotive parts manufacturer specializing in precision metal stamping and deep drawing for safety-critical and core automotive components. The company produces eight core product lines: airbag inflater housings, torque converters, motor cases, door strikers, door latches, door hinges, and ratchet buckles, supplying directly to automotive OEMs such as Hyundai Motor Company and Kia Motors.

Product overview

Jeon Woo Precision Co., Ltd. is a specialized automotive parts manufacturer established in 1992, focusing on press mould and processing works. The company operates as a single unified manufacturing platform producing eight core stamping products: Deep Drawing (high-precision metal forming technology), Airbag Inflater Housing (safety-critical component), Torque Converter (automatic transmission component), Motor Case (automotive convenience device), Door Striker, Door Latch, Door Hinge, and Ratchet Buckles. These products serve the automotive safety and core components sector, with manufacturing capabilities including Transfer Press Lines, Press Robot/Shuttle Lines, U-Shaft Press Lines, Assembly/Welding Lines, Tooling Production Lines, and Inspection Equipment.

Differentiator

Problem solved

Functional benefit

Products and services

• Deep Drawing Deep Drawing is a high-precision metal stamping technology used to produce complex automotive components with tight tolerances, offering a cost-competitive alternative to traditional forging and machining. Manufactured for automotive OEMs requiring precision-formed safety and structural parts.
• Airbag (Inflater Housing) Airbag inflater housing is a critical safety component that houses the inflator mechanism, receiving electrical signals from airbag sensors and igniting to protect vehicle occupants during emergency situations. Manufactured for automotive OEMs supplying safety restraint systems.
• Torque Converter Torque converter is an automotive component that transmits rotational force from the engine to the drive shaft in automatic transmissions. Manufactured for automotive OEMs and Tier 1 transmission suppliers.
• Motor Case Motor case is an automotive part and convenience device component for smart cars, produced using deep drawing and rolling methods to ensure quality stabilization and price competitiveness. Supplied to automotive OEMs for motor and convenience device assembly.
• Door Striker Door striker is an automotive component located on the car body that enables door opening and closing while keeping the door in position. Consists of U-Shaft and Base; U-Shaft undergoes heat treatment for enhanced durability. Sold to automotive OEMs for vehicle door assembly.
• Door Latch Door latch part helps the car door open and close by connecting to the car handle (outside handle). Manufactured using PROGRESSIVE stamping process for automotive OEM door system assemblies.
• Door Hinge Door hinge is a critical component for opening and closing car doors while maintaining door position. Available in two types: one appearing outside the car body and another disappearing inside the car body. Supplied to automotive OEMs for vehicle door system assemblies.
• Ratchet Buckles Ratchet buckles are cargo-binding safety products developed with proprietary technology, featuring easy and smooth operation with enhanced safety through improved material (SPFH590) and thickness-reinforced frame and gears. Sold to cargo tie-down and industrial binding customers.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• IATF (International Automotive Task Force)coreStrategic or Co-development Partner · 1 April 2018IATF 16949:2016 automotive quality management system certification obtained in April 2018. This certification is essential for supplying automotive parts globally and demonstrates compliance with international automotive quality standards.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Mando Corporation: Korean automotive component manufacturer producing brakes, steering, and suspension systems. Comparable as a Korean automotive supplier serving Hyundai/Kia and global OEMs, though operating in different product categories (vehicle dynamics vs. stamped body parts).
• Gestamp Automoción: Spanish global leader in automotive metal stamping for body, chassis, and safety components. Highly comparable in core technology (precision stamping including deep drawing) but at vastly larger scale, supplying most global OEMs across multiple geographies.
• Hyundai Mobis: Korea's largest automotive parts manufacturer and a tier-1 supplier to Hyundai/Kia producing modules, safety systems, and electronics. Comparable as a Korean automotive parts incumbent and potential customer/competitor for OEM-supplied stamped safety components like airbag housings.
• Aisin Corporation: Japanese global automotive parts manufacturer producing drivetrain, body, and safety components including torque converters — directly overlapping with Jeonwood's torque converter product line. Comparable as a global automotive parts supplier with deep expertise in stamped and assembled transmission/safety components.

Direct peers

• Martinrea International: Canadian automotive parts manufacturer producing stamped, welded, and assembled metal components including safety-critical parts for North American OEMs. Comparable in product mix (precision metal stampings for safety and body) and tier-2 supplier position, though at larger scale.
• Sungwoo Hitech: Korean automotive parts manufacturer producing precision-stamped and welded components including chassis and body parts for Hyundai/Kia and global OEMs. Highly comparable as a Korean mid-tier stamping specialist serving the same customer base with similar B2B enterprise sales motion.
• Hwashin Co., Ltd. Korean automotive stamping specialist focused on press work for chassis, body, and safety components supplied to Hyundai Motor Group. Directly comparable in technology (precision stamping), customer base (Korean OEMs), and product mix (stamped automotive parts).
• Seoyon E-Hwa: Korean automotive interior and exterior parts manufacturer producing stamped and assembled components for global OEMs. Comparable in business model (B2B automotive parts manufacturer) and Korean OEM customer concentration, with similar stamping and surface treatment capabilities.
• Sejong Industrial Co., Ltd. Korean automotive parts manufacturer specializing in chassis and body stampings for Hyundai/Kia. Comparable as a Korean SME-tier stamping supplier with similar IATF 16949 certifications and OEM-direct distribution model.
• MS Autotech: Korean automotive module manufacturer producing chassis, body, and safety components via stamping and welding processes. Comparable as a Hyundai/Kia-focused parts supplier with parallel investment in precision stamping technology and overseas (Chinese) manufacturing facilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Jeonwood Precision