SONGWOOI

songwooi.co.kr SONGWOOI (Song Woo Industrial Co., Ltd.,) South Korean manufacturer of automotive and industrial rubber hoses — intercooler/TCI, heater, fuel, CPF/DPF, and power steering lines — founded 1998 in Busan, HQ and plant in Yangsan since 2002. Founder-Chairman Park Su-kon localizated TCI hoses that were 100% imported from Japan, claiming 90% Korean market share; customers include Hyundai, Kia, Renault Samsung, Hyundai Heavy Industries, and Volvo CE. Certifications: IATF 16949, ISO 14001, ISO 9001; Plus Inno-Biz/Main-Biz status and national awards (Bronze Tower Medal 2015 to Park). Revenue ₩69.9B ($50M) in 2025, down from ₩104.8B peak (2013) — declining four years straight as the industry shifts to EVs — but profitability improved (5.2% operating margin, ROE 23%). Financials are unusually strong: zero debt, 80% equity ratio, ₩52.9B total assets; ~163–197 employees. Watch-outs: some databases list a different CEO (Park Eun-chul)