Taekwang Industrial

Taekwang Industrial Co., Ltd. is a South Korean manufacturing company headquartered in the Jangchung-dong area of central Seoul. Founded in 1950 by Lee Im Yong, it developed from a domestic industrial enterprise into a diversified producer serving textile, chemical, petrochemical, and protective-clothing markets. The company is part of Taekwang Group and operates manufacturing facilities in South Korea and China. The company’s activities span both materials and finished goods. In textiles, Taekwang has produced fibers and fabrics, including Acelan-branded spandex and black abaya fabric. Its chemical activities include sodium cyanide and petrochemical products. It has also manufactured wet-weather and safety products such as raincoats and umbrellas. This combination gives the company a business profile that links upstream industrial materials with selected consumer and protective products. Taekwang Industrial also operated an electronics division under the Taekwang Eroica name. That division produced telephones and audio equipment using Eroica branding. It was closed in December 2005 after the Korean audio market weakened, marking a retreat from electronics and a concentration on the company’s textile and chemical activities. The company has also supported education-related activities through a foundation established in Seoul at Sehwa High School. Its industrial footprint remains associated primarily with South Korea, while its production presence in China gives it an international manufacturing dimension. In 2023, Taekwang Industrial reported sales of KRW 2.2655 trillion. The available reference material does not provide a complete breakdown of revenue by business line, current executive roster, ownership percentages, or stock-market information.

Taekwang Industrial was founded in South Korea in 1950 by Lee Im Yong. Over the course of its development, the company established itself as a textile and chemical manufacturer rather than remaining focused on a single product category. Its later business scope included textile fibers and fabrics, petrochemicals, sodium cyanide, protective apparel, and wet-weather goods. The company’s headquarters are in the Jangchung-dong area of central Seoul, and its manufacturing network has included facilities in both South Korea and China. Textiles became one of Taekwang Industrial’s principal areas of activity. The company produced Acelan-branded spandex and other textile-related materials, while also making fabrics for specific apparel applications, including black abaya fabric. Its product range extended beyond industrial inputs to finished or semi-finished goods such as raincoats, umbrellas, and safety clothing. The combination of fibers, fabrics, chemicals, and protective products reflects a vertically and horizontally diversified industrial model. The company also entered electronics through a division known as Taekwang Eroica. That business manufactured telephones and audio electronics products, using the Eroica name for its equipment. The division was shut down in December 2005 when the Korean audio market weakened. Its closure represents a documented change in corporate direction: electronics ceased to be part of the operating portfolio, while textiles and chemicals remained central to the company’s identity. Taekwang Industrial is a member of Taekwang Group. In addition to commercial manufacturing, the company has been associated with educational support through a foundation established in Seoul at Sehwa High School. The available source material identifies the company as an active South Korean industrial enterprise with production in Korea and China. It does not provide sufficient information to reconstruct every stage of its corporate structure, identify a complete list of historical or current executives, or establish detailed ownership and listing information. For 2023, the cited reference reports sales of KRW 2.2655 trillion.

• 2023

  Reported sales of KRW 2.2655 trillion

  [1]Taekwang Industrialen.wikipedia.org

  Taekwang Industrial recorded sales of KRW 2.2655 trillion for 2023.

• 2005

  Electronics division discontinued

  [1]Taekwang Industrialen.wikipedia.org

  The Taekwang Eroica electronics division was closed in December after the Korean audio market weakened.

• 1950

  Company founded

  [1]Taekwang Industrialen.wikipedia.org

  Lee Im Yong founded Taekwang Industrial in South Korea.

A diversified Korean industrial manufacturer combining textile materials, petrochemicals, chemical products, and selected wet-weather and safety goods, with additional historical activity in consumer electronics.

• Textile fibers

  Acelan spandex

  Acelan is the company’s named spandex brand. It represents Taekwang Industrial’s participation in synthetic textile materials and supports the company’s broader textile manufacturing portfolio.

• Chemicals

  Petrochemical and chemical products

  Taekwang Industrial manufactures chemical and petrochemical products as part of its industrial materials business. Sodium cyanide is one specifically identified product, although the available reference does not provide a complete product catalogue or detailed specifications.

• Textiles

  Textile fabrics

  The company produces textile fabrics for apparel and other uses. Its identified fabric range includes black abaya fabric, demonstrating a focus on specialized as well as general textile applications.

• Protective clothing and accessories

  Wet-weather and safety products

  Taekwang Industrial produces raincoats, umbrellas, and safety clothing. These products extend the company beyond upstream materials into practical protective and weather-resistant goods.

• Consumer electronics

  Taekwang Eroica electronics

  Taekwang Eroica was the company’s former electronics division. It manufactured telephones and audio equipment, but the division was closed in December 2005 following deterioration in the Korean audio market.

• 2005

  Exit from electronics manufacturingStrategy

  Background

  Taekwang Industrial’s Taekwang Eroica division operated in telephones and audio electronics, but the Korean audio market had weakened by late 2005.

  Action taken

  The company shut down the electronics division in December 2005.

  Aftermath

  The closure removed electronics from Taekwang Industrial’s operating portfolio and left textiles, chemicals, petrochemicals, and protective products as the principal documented business areas.

  Source

• 2023

  Taekwang Industrial reports 2023 sales of KRW 2.2655 trillion[1]Taekwang Industrialen.wikipedia.org

  Other

  The company recorded sales of KRW 2.2655 trillion in 2023, according to the cited company reference material.

• 2005

  Taekwang Eroica electronics division closes[1]Taekwang Industrialen.wikipedia.org

  Other

  Taekwang Industrial discontinued its electronics division in December 2005 after the Korean audio market had deteriorated. The division had produced telephones and audio equipment under the Eroica name.

1. 1Taekwang Industrialen.wikipedia.org