What Shinsung Engineering does

Shinsung Engineering (legal entity: Shinsung Engineering Co., Ltd. (주)신성엔지니어링) is a South Korea-based B2B industrial equipment manufacturer founded in 1977 and headquartered in Cheongdo-gun, Gyeongsangbuk-do. The company operates as a privately held subsidiary of the Kiturami Group (귀뚜라미그룹), a diversified Korean conglomerate, and is led by CEO Dae-Hui Park (박대휘). Its business is organized into four divisions: Central HVAC (turbo chillers, absorption chillers/heaters, screw chillers, air handling units, ice and water thermal storage, underfloor air conditioning), Industrial HVAC (thermo-hygrostats, dehumidifiers, clean rooms, dry rooms, GMP/GLP and HACCP systems, VOC adsorption concentrators), Renewable Energy (geothermal heating/cooling, fuel cell systems, energy recovery ventilators, pipeline transport), and HVAC Plant (plant-level total solutions including chilled water and waste-heat-recovery energy-saving systems). The portfolio targets industrial plants, pharmaceutical and food manufacturing, renewable energy projects, and commercial buildings, with internationally certified equipment (ASME, CE, UL) enabling export sales.

Underlying technology is rooted in mechanical and thermal engineering rather than software: the company designs proprietary absorption-type refrigeration, multi-temperature heat storage, and integrated clean-room/dry-room environmental control systems that comply with GMP, GLP, and HACCP standards. The HVAC Plant division provides end-to-end system integration rather than discrete equipment. R&D emphasis is placed on high-efficiency, eco-friendly product diversification, with stated experience of approximately 40 years in the Industrial HVAC Business Division.

The business model is B2B industrial equipment sales with quote-based (non-publicly disclosed) pricing, conducted through direct sales by business division, a domestic dealer/agent network, and after-sales service centers. Revenue is generated from equipment sales, system integration projects, and after-sales service, with documented export activity supporting international markets. Distribution is multilingual (Korean, English, Chinese), and the company has been recognized by major Korean industrial counterparties (Samsung C&T, Daewoo Shipbuilding & Marine Engineering) and Korean government bodies (Seoul Metropolitan Government, Korea International Trade Association) through safety, partner, and export awards.

Name

Shinsung Engineering

Legal name

(주)신성엔지니어링

Website

https://ishinsung.com

Company type

Private

Founded year

1977

Operating status

Operating

Short description

Shinsung Engineering is a South Korea-based B2B industrial equipment manufacturer, founded in 1977 under the Kiturami Group, that designs and supplies HVAC, clean room, dry room, and renewable energy systems for industrial plants, pharmaceutical and food manufacturers, construction, and shipbuilding customers in domestic and export markets.

Ownership category

akta.pro rank

Product category

Industrial HVAC Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

Chillers & Cooling Plant Equipment (IMAHAKAE), HVAC & Industrial Ventilation (Chillers, AHUs, Exhaust, Filtration) (EUAEAFAE), HVAC & Refrigeration Contracting (IMAFALAB), HVAC Service, Maintenance & Repair (BPABACAA)

Keywords

• Industrial HVAC systems
• Renewable energy solutions
• Clean room technology
• Absorption chillers
• Geothermal heating cooling

Headquarters

HQ city

Cheongdo-eup, Cheongdo-gun

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels2 records

Marketing channels3 records

Core offering

Shinsung Engineering manufactures and supplies industrial HVAC equipment (turbo chillers, absorption chillers, screw chillers, air handling units, ice/water thermal storage) and renewable energy systems (geothermal heating/cooling, fuel cells, energy recovery ventilators, pipeline transport), organized across Central HVAC, Industrial HVAC, Renewable Energy, and HVAC Plant business divisions. The company also produces clean rooms, dry rooms, thermo-hygrostats, GMP/GLP/HACCP systems, dehumidifiers, and VOC adsorption concentrators for industrial and pharmaceutical applications, serving industrial plants, manufacturers, and commercial buildings primarily in South Korea and Asia.

Product overview

Shinsung Engineering is an industrial equipment manufacturer specializing in HVAC (heating, ventilation, and air conditioning) systems and renewable energy solutions. The company's product portfolio consists of three main business segments: Central HVAC products including turbo chillers, absorption chillers, screw chillers, air conditioners, ice thermal storage systems, and water heat storage systems; Industrial HVAC products including thermo-hygrostats, dehumidifiers, clean rooms, GMP/GLP systems, HACCP systems, VOC adsorption concentrators, and dry rooms; and Renewable Energy products including geothermal heating and cooling systems, fuel cell systems, energy recovery ventilators, and pipeline transportation systems. The company operates as part of the Kiturami Group and provides total solutions for commercial, industrial, and environmental applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Turbo Chiller (터보냉동기) High-efficiency turbo chiller for central air conditioning systems, providing cooling through turbo compressor technology for industrial and commercial applications.
• Absorption Chiller (흡수식냉동기) Absorption-type refrigeration system that uses heat as the energy source for cooling, suited to industrial and plant applications.
• Absorption Chiller/Heater (흡수식 냉온수기) Dual-function absorption system providing both cooling and heating capabilities for industrial and commercial facilities.
• 2-lift Low Temperature Hot Water Driven Absorption Chiller (2단 저온수 흡수식냉동기) Two-stage absorption chiller using low-temperature hot water as the driving heat source for energy-efficient cooling.
• Medium Temperature Hot Water Driven Absorption Chiller (중온수 흡수식냉동기) Absorption chiller utilizing medium-temperature hot water as the heat source for industrial and commercial cooling applications.
• Screw Chiller (스크류냉동기) Screw-type compressor chiller for industrial and commercial cooling applications.
• Air Conditioner / Air Handling Unit (공기조화기) Air handling units for climate control in commercial and industrial buildings.
• Ice Thermal Storage System (빙축열 시스템) Ice-based thermal energy storage system for load shifting and peak demand reduction in commercial and industrial facilities.
• Water Heat Storage System (수축열시스템) Water-based thermal storage system for storing and utilizing thermal energy in central HVAC applications.
• Underfloor Air Conditioning System (바닥취출공조시스템) Floor-level air distribution system for efficient and comfortable climate control in commercial buildings.
• Thermo-hygrostat (항온항습기) Temperature and humidity controlled chamber for maintaining precise environmental conditions in industrial settings.
• Dehumidifier (제습기) Industrial dehumidification equipment for moisture control in various applications.
• Clean Room (크린룸) Controlled-environment spaces meeting strict cleanliness standards for sensitive manufacturing and research.
• GMP/GLP System (GMP / GLP 시스템) Compliance systems meeting Good Manufacturing Practice and Good Laboratory Practice standards for pharmaceutical and food industries.
• HACCP System (HACCP 시스템) Hazard Analysis Critical Control Point system for food safety and quality management.
• VOC Adsorption Concentrator (VOC 흡착농축기) VOC capture and concentration system for air purification and environmental compliance.
• Dry Room (드라이룸) Low-humidity controlled environment for moisture-sensitive manufacturing processes.
• Geothermal Heating and Cooling System (지열냉난방시스템) Ground-source heat pump system utilizing geothermal energy for efficient heating and cooling.
• Fuel Cell System (연료전지시스템) Fuel cell-based power generation system utilizing hydrogen fuel for clean energy production.
• Energy Recovery Ventilator (환기유니트) Ventilation unit with energy recovery functionality for improved air quality and efficiency.
• Pipeline Transportation System (관로이송시스템) Pipe transport system for waste materials and energy conveyance in environmental facilities.
• HVAC Plant Total Solutions (공조설비/플랜트 토탈 솔루션) Total HVAC solutions for plant-site buildings including chilled water systems and waste heat recovery energy-saving systems, with products certified to ASME, CE, and UL international standards.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Three partnerships are on record, tiered major and core.

• Kiturami Group (귀뚜라미그룹)majorOthersParent company/group affiliation. Shinsung Engineering is part of the Kiturami Group, a major Korean HVAC and boiler manufacturer conglomerate.
• Samsung C&T CorporationcoreStrategic or Co-development PartnerSamsung C&T is a major construction company that has recognized Shinsung Engineering with 3-star safety certification in 2024 and 2025, indicating a strong supplier/partnership relationship in construction projects.
• Daewoo Shipbuilding & Marine Engineering Co., Ltd. (대우조선해양)coreStrategic or Co-development PartnerDaewoo Shipbuilding & Marine Engineering selected Shinsung Engineering as an excellent partner in 2022, indicating a supplier/vendor partnership for shipbuilding HVAC and industrial equipment.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Daikin Industries: Japanese global HVAC leader with strong presence in Korea; offers chillers, heat pumps, and refrigerant-based systems that directly compete with Shinsung's Central HVAC portfolio including absorption chillers.
• Trane Technologies: Global HVAC incumbent (formerly Ingersoll Rand) offering chillers, air handlers, and thermal management for industrial and commercial applications. Competes with Shinsung for plant and industrial HVAC projects, especially in Korea via global EPC customers.
• Johnson Controls International: Global building technologies and HVAC provider with overlapping chiller, air handling, and building controls offerings; relevant competitor for industrial plant and commercial HVAC specification.
• Carrier Global Corporation: Global leader in HVAC, refrigeration, and building automation. Overlaps with Shinsung in commercial chillers, industrial refrigeration, and clean room / controlled-environment systems.
• Samsung Electronics (Digital Appliances / HVAC): Global chaebol offering commercial and residential HVAC systems, and a key upstream customer (Samsung C&T) for Shinsung. Competes in commercial chiller and air conditioning categories.
• LG Electronics (HVAC & Energy Solutions): Korea's largest HVAC manufacturer offering chillers, air handling, and renewable energy systems across commercial, industrial, and residential segments. Competes with Shinsung on Central HVAC projects and chiller specification.

Others

• Kiturami Boiler (귀뚜라미보일러): Direct parent group sister company specializing in boilers and heating equipment; adjacent product portfolio with overlapping customer base and shared group distribution — a relevant ecosystem peer rather than direct competitor.

Emerging players

• Kyungwon Industrial (경원산업): Korean specialist in clean room and contamination-control systems for semiconductor, pharma, and battery industries; closely comparable niche competitor to Shinsung's industrial HVAC clean room / GMP-GLP / dry room business.

Direct peers

• Kyungdong Navien: Korean HVAC and boiler manufacturer with overlapping product portfolio in commercial and industrial climate-control equipment; comparable mid-market Korean competitor with similar B2B distribution model.
• Century Co., Ltd. (센추리): Sister company within the Kiturami Group; directly comparable as a Korean mid-market HVAC equipment maker with overlapping product lines in chillers and air handling. Most direct peer due to shared ownership and market positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Shinsung Engineering