WOOSHIN SAFETY SYSTEMS CO LTD

wooshinsys.co.kr wooshinsys.com finance.yahoo.com/quote/017370.KS/financials/ WOOSHIN SAFETY SYSTEMS CO LTD (KOSPI: 017370, founded 1984, Siheung/Seoul, South Korea) is a global car-body automation specialist — building robotic welding assembly lines for 40+ automakers (GM, Ford, Stellantis, Volvo, Hyundai/Kia, Rivian, Tata) — and the only company in the world that also builds EV battery module/pack assembly lines, giving it a unique edge as carmakers merge body and battery production. It also manufactures auto parts (body doors, seat belts via Wooshin Safety Systems, interiors), with seat-belt order backlogs around KRW 2 trillion (Ford F-150, GM Silverado EV, Stellantis Jeep Compass). Financials are cyclical: record 2024 revenue of KRW 563.6B (OP ₩36.1B) fell 31% to ₩388.6B in 2025 on fewer automation orders, and Q1–Q2 2026 posted operating losses as orders slipped — though analysts (Kiwoom BUY target ₩9,500, SK Securities ₩13,000) forecast a 2026–27 recovery to ~₩451–543B revenue.