Information
Overview
- Summary
- Dongsung Chemical is a company providing innovative chemical material solutions across various industries, built on specialized polyurethane material technology since 1959. The company focuses on developing sustainable materials by integrating eco-friendly and bio technologies, aiming for future growth as an eco-friendly material science company. It possesses a broad business spectrum, including polyurethane systems, ultra-lightweight composite materials, eco-friendly advanced materials, petrochemicals, fine chemicals, and bio-healthcare, positioning itself as a comprehensive chemical enterprise. With domestic and international production bases, it is a mid-sized company strengthening its competitiveness in the global market.Dongsung Chemical is a company providing innovative chemical material solutions across various industries, built on specialized polyurethane material technology since 1959. The company focuses on developing sustainable materials by integrating eco-friendly and bio technologies, aiming for future growth as an eco-friendly material science company. It possesses a broad business spectrum, including polyurethane systems, ultra-lightweight composite materials, eco-friendly advanced materials, petrochemicals, fine chemicals, and bio-healthcare, positioning itself as a comprehensive chemical enterprise. With domestic and international production bases, it is a mid-sized company strengthening its competitiveness in the global market.
- Key Products/Technologies
- Polyurethane (PU) Systems: Polyurethane resins for shoe soles (NEOPAN, NEOSOLE), synthetic leather, automotive interiors, furniture memory foam, adhesive TPU (NEOTIE), and molded TPU (NEOTHANE, NEOSTANE), among other high-performance elastomer materials.Polyurethane (PU) Systems: Polyurethane resins for shoe soles (NEOPAN, NEOSOLE), synthetic leather, automotive interiors, furniture memory foam, adhesive TPU (NEOTIE), and molded TPU (NEOTHANE, NEOSTANE), among other high-performance elastomer materials.
- Eco-friendly Advanced Materials: The compostable packaging solution 'ECOVIVA®' includes bead foam, air caps, multi-layer films, and bio hot-melt adhesives based on compostable raw materials like PHA and PLA. Development and production of Bio-PET using bio-monoethylene glycol (Bio-MEG) and melamine foam (sound-absorbing and insulating materials).Eco-friendly Advanced Materials: The compostable packaging solution 'ECOVIVA®' includes bead foam, air caps, multi-layer films, and bio hot-melt adhesives based on compostable raw materials like PHA and PLA. Development and production of Bio-PET using bio-monoethylene glycol (Bio-MEG) and melamine foam (sound-absorbing and insulating materials).
- Petrochemical and Fine Chemical Products: Organic peroxides (initiators, curing agents, cross-linking agents), functional solvents, high-purity petrochemical products, and de-aromatized products for various industrial applications.Petrochemical and Fine Chemical Products: Organic peroxides (initiators, curing agents, cross-linking agents), functional solvents, high-purity petrochemical products, and de-aromatized products for various industrial applications.
- Bio-healthcare (via Genewel subsidiary): Market-leading Wound Care products (wound dressings), Bio Surgery products like 'Gadix' (anti-adhesion agents) developed with proprietary Korean technology, and dermocosmetic materials.Bio-healthcare (via Genewel subsidiary): Market-leading Wound Care products (wound dressings), Bio Surgery products like 'Gadix' (anti-adhesion agents) developed with proprietary Korean technology, and dermocosmetic materials.
- Cryogenic Insulation (via Dongsung Finetec subsidiary): Development and supply of insulation materials for LNG carriers and PUF for ultra-low temperature LNG onshore storage facilities.Cryogenic Insulation (via Dongsung Finetec subsidiary): Development and supply of insulation materials for LNG carriers and PUF for ultra-low temperature LNG onshore storage facilities.
- Core Advantages
- Leadership in Eco-friendly and Bio Technologies: Replacement of existing petrochemical-based raw materials with bio-based alternatives, expansion of compostable plastics and bio-based polyurethane businesses, and establishment of a sustainable resource circulation system.Leadership in Eco-friendly and Bio Technologies: Replacement of existing petrochemical-based raw materials with bio-based alternatives, expansion of compostable plastics and bio-based polyurethane businesses, and establishment of a sustainable resource circulation system.
- Polyurethane Technology and Portfolio Diversification: Accumulation of specialized polyurethane technology since 1959, possession of over 1,000 product recipes, and application across diverse industries including footwear, automotive, packaging, construction, and healthcare.Polyurethane Technology and Portfolio Diversification: Accumulation of specialized polyurethane technology since 1959, possession of over 1,000 product recipes, and application across diverse industries including footwear, automotive, packaging, construction, and healthcare.
- Global Production and Supply Chain Capabilities: Operation of overseas production plants in Indonesia, China, and Vietnam, with the recent completion of a new polyurethane plant in Indonesia tripling existing production capacity to strengthen market penetration in Southeast Asia, the Americas, and Europe.Global Production and Supply Chain Capabilities: Operation of overseas production plants in Indonesia, China, and Vietnam, with the recent completion of a new polyurethane plant in Indonesia tripling existing production capacity to strengthen market penetration in Southeast Asia, the Americas, and Europe.
- Commitment to ESG Management and Recognition: Achievement of an integrated A rating in the ESG evaluation by the Korea Corporate Governance Service (KCGS) for two consecutive years, and receipt of the Fair Trade Commission Chairman's Award in the corporate ethics category at the '2024 National ESG Excellent Company' awards, demonstrating transparent and sustainable management practices.Commitment to ESG Management and Recognition: Achievement of an integrated A rating in the ESG evaluation by the Korea Corporate Governance Service (KCGS) for two consecutive years, and receipt of the Fair Trade Commission Chairman's Award in the corporate ethics category at the '2024 National ESG Excellent Company' awards, demonstrating transparent and sustainable management practices.
- Investment in R&D and Localization of Technology: First-time domestic production of TBHP, a key raw material for organic peroxides, to resolve supply instability, and joint development of cathode binder materials for secondary batteries and functional peptide materials to secure future growth engines.Investment in R&D and Localization of Technology: First-time domestic production of TBHP, a key raw material for organic peroxides, to resolve supply instability, and joint development of cathode binder materials for secondary batteries and functional peptide materials to secure future growth engines.
- Target Industrie
- Chemical IndustryChemical Industry
- Footwear IndustryFootwear Industry
- Automotive IndustryAutomotive Industry
- Packaging IndustryPackaging Industry
- Construction IndustryConstruction Industry
- Energy Industry (LNG carriers, cryogenic insulation)Energy Industry (LNG carriers, cryogenic insulation)
- Healthcare Industry (medical devices, dermocosmetics)Healthcare Industry (medical devices, dermocosmetics)
- Textile IndustryTextile Industry
- Electrical and Electronics IndustryElectrical and Electronics Industry
- Furniture IndustryFurniture Industry
- Major Markets
- Indonesia, China, VietnamIndonesia, China, Vietnam
- GermanyGermany
- Certifications/Patents
- TÜV Austria 'OK Compost Industrial' biodegradation certification and BPI (Biodegradable Products Institute) certification for its compostable packaging solution 'ECOVIVA'.TÜV Austria 'OK Compost Industrial' biodegradation certification and BPI (Biodegradable Products Institute) certification for its compostable packaging solution 'ECOVIVA'.
- DIN CERTCO Bio Based (NEOROSA® BU) certification.DIN CERTCO Bio Based (NEOROSA® BU) certification.
- Two patents registered for secondary barriers for LNG storage tanks.Two patents registered for secondary barriers for LNG storage tanks.
- Patent for the molding method of corner piece membranes for LNG storage tanks held by its subsidiary Dongsung Finetec.Patent for the molding method of corner piece membranes for LNG storage tanks held by its subsidiary Dongsung Finetec.
- Proprietary technology for the first domestic production of TBHP, a key raw material for organic peroxides.Proprietary technology for the first domestic production of TBHP, a key raw material for organic peroxides.
- Production of eco-friendly products certified by government environmental labeling schemes.Production of eco-friendly products certified by government environmental labeling schemes.
- Integrated A rating in ESG evaluation by the Korea Corporate Governance Service (KCGS) for two consecutive years.Integrated A rating in ESG evaluation by the Korea Corporate Governance Service (KCGS) for two consecutive years.
- Chairman Baek Jeong-ho's '2025 Korean Manager Award'.Chairman Baek Jeong-ho's '2025 Korean Manager Award'.
- Fair Trade Commission Chairman's Award in the corporate ethics category at the '2024 National ESG Excellent Company' awards.Fair Trade Commission Chairman's Award in the corporate ethics category at the '2024 National ESG Excellent Company' awards.
- Grand Award at the American LACP Vision Awards for its Sustainability Report.Grand Award at the American LACP Vision Awards for its Sustainability Report.
Introduction
Location
99 Sinsan-ro, Saha-gu, Busan, South Korea
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