April 2026
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Largest Industrial Parts Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
LG Energy Solution, SFA Engineering, Onejoon, Kwangmu and Motive Link.
 | LG Energy Solution is the third-largest battery maker for electric vehicles with about 11% global share in 2024, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2024. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis. | $313 | +62% | $73B | $86B | 5.2x | 25.7x | ||
| SFA Engineering Corp is in the business of material handling systems and process and precision equipment and logistics. Its major products include display equipment, logistics system, semiconductor equipment, solar and fuel cell equipment and special industrial equipment. The company operates in China and Korea. The company offers its products and services to logistics diagnosis, system engineering, design, self-manufacturing of equipment and construction areas. | $21 | +49% | $605M | $539M | 0.5x | 4.3x | ||
| Onejoon Co Ltd is a mechanical engineering company. It is primarily engaged in the production of high temperature furnace systems including the required material handling and process technology for the treatment of cathode and anode material in lithium-ion batteries. | $7 | +8% | $102M | $73M | 0.7x | (16.8x) | ||
| Kwangmu Co Ltd is engaged in supplying encoders and light sources, which are core parts of factory automation. Its products include Encoder sensor (Industrial Parts), Encoder sensor (Military parts), and LED Lighting. | $1 | -21% | $83M | ($15M) | (2.9x) | 0.7x | ||
| Motive Link Co Ltd is an automotive parts supplier. The company manufactures electronic parts that provide optimized design solutions for voltage and current control transformers and EMC coils for electrical parts. The product line of the company includes transformers and coils, components of ICCU, OBC, and LDC, to enable driving of electric motors, power supply to electrical loads, and charging of high-voltage batteries. | $6 | -17% | $73M | $72M | 1.6x | 59.5x | ||
| Median | $7 | +8% | $102M | $73M | 0.7x | 4.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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