STX corporation

What STX corporation does

STX Corporation is a South Korean holding company structured as a general trading company (종합무역상사), founded in 1976 and headquartered in Seoul, with operations spanning secondary battery materials, eco-friendly steel, green energy and bio products, e-mobility, defense exports, maritime logistics, and digital trade. The company controls wholly-owned subsidiaries including STX Green Logistics (STX 그린로지스), STX Ocean Service (STX 오션서비스), STX Sun Ace Shipping (STX 썬에이스해운), STX Resort (STX 리조트), STX Aero Service (STX 에어로서비스), STX Network Service (STX 네트워크서비스), and PK Valve & Engineering (피케이밸브앤엔지니어링), the last focused on hydrogen and LNG valves. STX's proprietary digital asset is the TrollyGo (트롤리고) B2B trade platform, which as of September 2025 reported approximately 1.2 million users across 218 countries with 2,633 billion KRW in cumulative transaction volume.

The company generates revenue across multiple streams: transaction-fee-based global trading across industrial sectors, transaction and facilitation fees from the TrollyGo digital B2B platform, recurring maritime service revenue from long-term charter contracts (STX Green Logis' ~96 billion KRW charter represents ~5% of 2025 consolidated sales), one-time license-style revenue from defense exports (KLTV tactical vehicles to Peru FAME, oceanographic research vessel for Peru SIMA scheduled for March 2028 delivery), and recurring resort operations at STX Resort in Mungyeong. Customer mix spans government defense organizations (Peru FAME, SIMA, IMARPE), a single disclosed global shipping company for charter services, Korean greenhouse farms in Gangwon for cocopeat supplies, and B2B platform users. The go-to-market combines direct enterprise sales for defense and maritime with self-serve digital distribution via TrollyGo.

STX is controlled by private equity firm APC Mg (APC머큐리) as its largest shareholder, which injected approximately 124 billion KRW in capital in July 2023 following a 2022 spin-off that separated the shipping/logistics business (STX Green Logistics) from the general trading business. The company has faced regulatory scrutiny from the Korea Financial Services Commission's Securities and Futures Commission regarding accounting practices tied to the spin-off and a subsidiary sale (STX Marine Service), with a Seoul Administrative Court injunction in August 2025 suspending enforcement of disciplinary measures against the CEO. Trading on KRX (011810) has been suspended, affecting approximately 50,000 retail investors, while operations across trading, defense, logistics, and digital platform businesses continue.

Name

STX corporation

Legal name

주식회사 STX (STX Corporation)

Website

http://www.stx.co.kr

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

51–100 employees

Short description

STX Corporation is a South Korean general trading company (founded 1976) operating across battery materials, steel, green energy, e-mobility, defense exports, and maritime logistics, with the TrollyGo B2B digital trade platform serving 218 countries and seven wholly-owned subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Changwon

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Global Trading: STX generates revenue as a general trading company (종합무역상사) across diversified segments including secondary battery materials, eco-friendly steel, green energy/bio, and e-mobility.
2. Digital Platform (TrollyGo): B2B digital trade platform commission and facilitation fees. Platform facilitates trade between Korean exporters and international buyers.
3. Shipping & Logistics (STX Green Logis): Maritime logistics services through STX Green Logis, including long-term charter contracts. Long-term charter contracts generate recurring maritime service revenue.
4. Defense Exports: Export of defense equipment including small tactical vehicles (KLTV) and maritime vessels to international defense customers including Peru's FAME and SIMA.
5. Resort Operations (STX Resort): Hospitality and resort services including accommodation, outdoor hot springs, spa facilities, and infinity pools at STX Resort in Mungyeong.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

STX Corporation is a South Korean global general trading company (종합무역상사) that facilitates cross-border trade across diversified sectors including secondary battery materials, eco-friendly steel, green energy/bio products, and e-mobility. It operates TrollyGo, a proprietary digital B2B trade platform spanning 218 countries with 1.2M+ users and 2,633 billion KRW in cumulative transaction volume. The company also conducts defense equipment exports (KLTV tactical vehicles, oceanographic research vessels) and maritime logistics through its subsidiaries.

Product overview

STX Corporation operates as a global trading company with diversified business segments spanning secondary battery materials, eco-friendly steel, green energy/bio, e-mobility, and shipping/logistics. The company's primary digital product is TrollyGo, a B2B trade platform. STX manages several subsidiaries including STX 그린로지스 (shipping logistics), STX 오션서비스 (ship value chain services), STX 썬에이스해운 (eco-friendly shipping), STX 리조트 (resort), STX 에어로서비스 (aviation MRO), STX 네트워크서비스 (IT services), and 피케이밸브앤엔지니어링 (hydrogen/LNG valve systems).

Differentiator

Problem solved

Functional benefit

Brands

• 트롤리고 (TrollyGo): Digital B2B trade platform operated by STX connecting global buyers and sellers, with operations spanning 218 countries and over 1.2 million users

Products and services

• Global General Trading Services (Battery Materials, Eco-friendly Steel, Green Energy/Bio, E-mobility)
• TrollyGo (트롤리고) Digital B2B Trade Platform
• KLTV Defense Vehicle Export Export of KIA Light Tactical Vehicles (KLTV) for international defense customers. Initial supply of 10 units to Peru FAME, with planned annual expansion to 100+ units, including spare parts, maintenance equipment, and technical training.
• Oceanographic Research Vessel Construction STX-led consortium (with Samwon Heavy Industries and Korea Maritime Technology) contracted to construct oceanographic research vessel for Peru's state shipyard SIMA, for delivery to IMARPE (Peru's marine research institute).
• Long-term Vessel Charter Services (STX Green Logis) Maritime logistics and vessel charter services through STX Green Logis subsidiary. Long-term charter contract with a global shipping company expected to generate approximately 96 billion KRW (~5% of 2025 consolidated sales), covering global major shipping routes.
• Eco-friendly Cocopeat Grow Bag Supply Supply of coconut fiber-based growing medium (Cocopeat Grow Bag) imported from BotaniCoir (Sri Lanka production, UK HQ) to domestic greenhouse farms in Gangwon region, Korea. Approximately 120,000 units supplied.
• Frozen Seafood Direct Import Distribution Direct import and B2B distribution of frozen seafood (first product: frozen giant squid from Peru) and other aquatic products to Korean food processing companies and restaurant franchises.
• STX Resort Hospitality Services Resort operations at STX Resort in Mungyeong, Gyeongbuk, including accommodation, outdoor hot springs, spa facilities, and infinity pools. Recently expanded with new infinity pool and open-air bath offerings.

Quantifiable outcome

• TrollyGo platform reached 2,633 billion KRW cumulative transaction volume across 218 countries with ~1.2M users (September 2025)
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Kangwon Regional Small and Medium Enterprise Administration (강원지방중소벤처기업청)minorGTM or Marketing Partner · 25 March 2026Kangwon regional SME administration partnered with TrollyGo (operated by STX) to conduct digital export strategy online education for small and medium exporters. Education focused on Google Ads, GA4 performance advertising and TrollyGo platform utilization.
• BotaniCoirminorChannel Partner/ Reseller/ Distributor · 19 January 2026STX imports eco-friendly cocopeat grow bags from BotaniCoir, a company with UK headquarters and Sri Lanka production facilities. STX handles import customs, logistics, and domestic distribution of coconut fiber-based growing medium to Korean greenhouse horticulture farms (Gangwon region focus).
• SIMA PerucoreStrategic or Co-development Partner · 17 September 2025STX-Samwon Heavy Industries-Korea Maritime Technology consortium signed oceanographic research vessel construction contract with Peru's state shipyard SIMA. STX serves as project manager, logistics, supervision, and warranty. Scheduled delivery March 2028 for Peru's IMARPE (marine research institute).
• Mobius Korea (모비우스코리아)coreStrategic or Co-development Partner · 22 July 2025STX and STX Aero Service signed MOU with Mobius Korea for advanced air mobility battery MRO (Maintenance, Repair, Overhaul) partnership. Mobius provides AAM and UAS battery technology (NASA/FAA compliant) with thermal runaway prevention patents. STX Aero Service manages battery replacement, maintenance, transport, and logistics for AAM/UAV applications.
• FAME S.A.C. (Peru Army Ordnance Factory)coreStrategic or Co-development Partner · 1 July 2025STX signed KLTV (small tactical vehicle) supply contract with Peru's state-owned defense manufacturer FAME S.A.C. Initial supply of 10 units, with planned annual expansion to 100+ units. Partnership includes spare parts, maintenance equipment, technical training, and full package-type military logistics support. KIA vehicles are used as the base platform.
• Kia CorporationcoreTechnology or IntegrationKia Corporation manufactures KLTV (small tactical vehicles) that STX exports to Peru's FAME as part of defense cooperation. STX serves as the trading/export partner for Kia's defense vehicle products to international markets.
• Samwon Heavy Industries (삼원중공업)coreStrategic or Co-development PartnerPart of the STX-Samwon Heavy Industries-Korea Maritime Technology consortium for SIMA Peru oceanographic research vessel construction. Samwon provides CKD (Complete Knock Down) parts supply for the vessel construction project.
• Korea Maritime Technology (한국해사기술)coreStrategic or Co-development PartnerPart of the STX-Samwon Heavy Industries-Korea Maritime Technology consortium for SIMA Peru oceanographic research vessel construction. Korea Maritime Technology provides vessel design for the project.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Korea Zinc: Korean non-ferrous metals refiner and trader with global sourcing and trading operations in battery materials. Comparable as a Korean firm operating in the secondary battery materials value chain where STX trades.
• SK Networks: Korean general trading and holding company within SK Group, with global trading operations spanning energy, chemicals, and mobility. Comparable diversified trading holding structure.
• Posco International: Korean general trading company with major trading operations in steel, energy, grain, and automotive parts. Highly comparable diversified trading model with similar exposure to secondary battery materials and emerging-market trade.
• Hanwha Corporation: Korean conglomerate with defense manufacturing and general trading operations. Comparable as a Korean group combining defense exports with broader industrial trading activity.
• Samsung C&T Corporation: Korean general trading company (종합상사) and construction arm of Samsung Group, with global trading across similar diversified industrial categories and a significant engineering & construction business. Closest large-cap analogue to STX's general trading model.
• Hyundai Corporation: Korean general trading subsidiary of Hyundai Motor Group focused on steel, chemicals, machinery, and defense-related exports. Highly comparable business model as a chaebol-affiliated trading house with global sourcing networks.
• LG Corp: Holding company for LG Group with global trading operations (formerly LG International). Comparable as a chaebol-affiliated trading and investment holding company with diversified business portfolio.

Broad incumbents

• Marubeni Corporation: Japanese general trading company with diversified global operations including grains, chemicals, and power. Provides another global sogo shosha benchmark relevant to STX's trading business.
• Itochu Corporation: Japanese general trading company with global trading, investment, and digital platform initiatives. Comparable as an incumbent general trading house pursuing platform-led trading transformation.
• Mitsui & Co., Ltd. Japanese sogo shosha (general trading company) with global trading across chemicals, energy, machinery, and emerging-market infrastructure. Provides a global benchmark for what a scaled Korean trading company can become.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@STXCorporation
• LinkedInlinkedin.com/company/stxcorporaion

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about STX corporation