Daedong Metals, a casting materials and components specialist under Daedong Group, is accelerating its transition into a future industrial materials and components company, driven by two pillars: expansion of its high-value precision casting business and new advanced materials businesses such as robotics and smart farms.
Daedong Metals held a "media round table" in Yeongdeungpo-gu, Seoul, on Tuesday, where it disclosed its business status, mid- to long-term growth strategy, and plans to enhance corporate value.
Last year, Daedong Metals secured new orders worth 48.4 billion won by acquiring new customers across various industrial fields including automobiles, semiconductors, shipbuilding, and industrial machinery. The result came from diversifying its client base in response to market changes, as demand for high-value precision casting expanded amid electrification and tighter eco-friendly regulations. As a result, the company recorded revenue of 101.8 billion won last year and successfully turned to an operating profit.
As future growth engines, the company presented advanced materials for robotics and future mobility, as well as smart farm materials businesses. In cooperation with the Korea Institute of Materials Science (KIMS), Daedong Metals is pursuing the development of new alloys to be applied to joint and reducer cases for humanoid robots, as well as lightweight components for electric vehicles (EVs), urban air mobility (UAM), and drones. The company is also entering the smart farm materials business in connection with Daedong Group's future project of building artificial intelligence (AI) greenhouses. Based on the "National Agriculture AX Platform" project that Daedong Group is pursuing with support from the Ministry of Agriculture, Food and Rural Affairs, the company aims to enter the smart farm structural materials market and generate its first revenue in 2027.
Daedong Metals set a target of achieving 240 billion won in revenue by 2030. To this end, it plans to pursue average annual growth of 18.7% from 2026 to 2030 and to expand the share of new business revenue from 5% in 2026 to 28% in 2030. The company also plans to raise its mid- to long-term corporate value through management efficiency based on cost innovation and productivity improvement, strengthened shareholder return policies, and expanded communication with investors.
"Based on the precision casting technology and quality competitiveness accumulated over the past 79 years, Daedong Metals has expanded its business scope into high-value industries such as shipbuilding, power generation, semiconductors, and industrial machinery," said Lee Poong-woo, CEO of Daedong Metals. "Going forward, we will transform into a future industrial materials and components company through expansion of high-value precision casting orders, new advanced materials businesses, and manufacturing AX, and accelerate our efforts to achieve 240 billion won in revenue by 2030 and enhance corporate value."
