Seah Holdings Explained

SeAH Holdings
Native Name:세아홀딩스
Type:Public
Traded As:KRX 058650
Industry:Diversified Investments Conglomerate
Hq Location:SeAH Tower, 45, Yanghwa-ro, Mapo-gu
Hq Location City:Seoul
Hq Location Country:South Korea
Key People:Lee Tae-sung (President and CEO)
Revenue: 6,745,801,494,898 KRW (2022)
Subsid: SeAH Besteel Holdings
SeAH Special Steel
Homepage:SeAH Homepage

SeAH Holdings (Korean: 세아홀딩스) is a South Korean diversified holding company. Headquartered in Seoul, South Korea, it was split from SeAH Steel Corporation in 2001. Lee Tae-sung is its CEO.[1]

The company's main business area is special steel. Its current investments include SeAH Besteel, SeAH CSS, SeAH Special Steel and SeAH Metal, among others.[2]

Holdings

SeAH Besteel

SeAH Besteel (formerly Kia Steel) was acquired by the group in 2003, being the first big investment of SeAH Holdings. It mainly manufactures special steel bars, forged steel bars and automotive parts.[3]

SeAH Besteel incorporated POSCO Specialty Steel in 2015 and formed SeAH Changwon Integrated Special Steel Corp. (also known as SeAH CSS).[4] [5] As for 2017, The company produced 3 million tonnes of crude steel.[6] It is currently South Korea's largest special steel manufacturer with a domestic market share of over 40%.[7]

SeAH Special Steel

Founded under the name of Changwon Steel, it was taken over by the SeAH Group in 1998. The company produces special steel materials, such as CHQ wire, STS bars and CD bars. It was listed on the Korea Stock Exchange in 2011.[8]

Other investments

Notes and References

  1. Web site: 2020-05-20. Lee expands global influence in special steel business. 2020-09-07. koreatimes. en.
  2. Web site: Seah Holdings Corp.. 2020-09-07. www.marketwatch.com. en.
  3. Web site: 2020-09-09. Seah Holdings Corp058650.KS. Reuters.
  4. Web site: 2014-08-14. POSCO to sell stainless steelmaking affiliate. 2020-09-08. koreatimes. en.
  5. Web site: Order from SeAH Changwon Integrated Special Steel for a modernization project in Changwon. 2020-09-10. www.thermprocess-online.com. en.
  6. Web site: 2020-09-10. World Steel Association: Top steelmaker in 2017. dead. https://web.archive.org/web/20180823005844/https://www.worldsteel.org/en/dam/jcr:1a0978ce-d387-4ce9-8d1b-5f929f343ac1/2017_2016+top+steel+producers_Extended+list.pdf. 2018-08-23.
  7. Web site: 2020-06-03. SeAH Besteel: Expanding Special Steel Business. 2020-09-07. Businesskorea. ko.
  8. Web site: 이민지. 2011-05-30. SeAH Special Steel to debut on Seoul bourse this week. 2020-09-08. Yonhap News Agency. en.
  9. Web site: SEAH GROUP. 2020-09-07. www.seah.co.kr.