Information
Jongno 1(il)-ga, Jongno District, Seoul, South Korea
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Overview
- Summary
- Sumitomo Corporation Korea, established in 1963 as a Seoul branch and becoming an independent corporation in 1997, is a global general trading company. As a member of the Sumitomo Group with a history of approximately 400 years, it serves as a crucial strategic base contributing to the economic development of Korea. The company engages in a wide range of business areas including metals, transportation systems, construction machinery, infrastructure, media, digital, lifestyle, real estate, mineral resources, energy, chemicals, electronics, and energy innovation. Its objective is co-growth with domestic and international business partners through the import of raw materials and various supplies, as well as the export of Korean products.Sumitomo Corporation Korea, established in 1963 as a Seoul branch and becoming an independent corporation in 1997, is a global general trading company. As a member of the Sumitomo Group with a history of approximately 400 years, it serves as a crucial strategic base contributing to the economic development of Korea. The company engages in a wide range of business areas including metals, transportation systems, construction machinery, infrastructure, media, digital, lifestyle, real estate, mineral resources, energy, chemicals, electronics, and energy innovation. Its objective is co-growth with domestic and international business partners through the import of raw materials and various supplies, as well as the export of Korean products.
- Key Products/Technologies
- Provision of a broad spectrum of products and services through nine core business groups: Steel Group, Automotive Group, Transportation & Construction Systems Group, Diverse Urban Development Group, Media & Digital Group, Lifestyle Business Group, Mineral Resources Group, Chemical Solutions Group, and Energy Transformation Business Group.Provision of a broad spectrum of products and services through nine core business groups: Steel Group, Automotive Group, Transportation & Construction Systems Group, Diverse Urban Development Group, Media & Digital Group, Lifestyle Business Group, Mineral Resources Group, Chemical Solutions Group, and Energy Transformation Business Group.
- Development and provision of Energy Transformation Solutions in hydrogen/ammonia, renewable energy (offshore wind power), and carbon neutrality.Development and provision of Energy Transformation Solutions in hydrogen/ammonia, renewable energy (offshore wind power), and carbon neutrality.
- Business development and solution provision in Digital Transformation, Green Transformation, and telecommunications media.Business development and solution provision in Digital Transformation, Green Transformation, and telecommunications media.
- Investment in Biogenics, a Korean cosmetics technology venture, possessing patented capsule technology for functional substances like pigments and vitamins used in cosmetics.Investment in Biogenics, a Korean cosmetics technology venture, possessing patented capsule technology for functional substances like pigments and vitamins used in cosmetics.
- Entry into the AI development data center business and provision of cloud computing capabilities through investment in FPT, a Vietnamese IT company.Entry into the AI development data center business and provision of cloud computing capabilities through investment in FPT, a Vietnamese IT company.
- Participation in the development of ammonia bunkering vessels to establish an ammonia bunkering service system in Singapore.Participation in the development of ammonia bunkering vessels to establish an ammonia bunkering service system in Singapore.
- Import and export activities for various raw materials and products, including steel products, shipbuilding materials, and heavy industry items.Import and export activities for various raw materials and products, including steel products, shipbuilding materials, and heavy industry items.
- Core Advantages
- A robust business foundation built on the approximately 400-year history and reliability of the Sumitomo Group.A robust business foundation built on the approximately 400-year history and reliability of the Sumitomo Group.
- An extensive global network encompassing 150 local subsidiaries in 69 countries and approximately 800 business investment companies within the Sumitomo Group.An extensive global network encompassing 150 local subsidiaries in 69 countries and approximately 800 business investment companies within the Sumitomo Group.
- A diversified business portfolio covering various industrial sectors such as steel, chemicals, resource energy, and machinery, coupled with functionally integrated comprehensive capabilities.A diversified business portfolio covering various industrial sectors such as steel, chemicals, resource energy, and machinery, coupled with functionally integrated comprehensive capabilities.
- Proactive investment in future growth industries like renewable energy, EV batteries, and eco-friendly materials, alongside a commitment to sustainable management.Proactive investment in future growth industries like renewable energy, EV batteries, and eco-friendly materials, alongside a commitment to sustainable management.
- Efforts to support the globalization of Korean companies and strengthen partnerships in resource development between countries with scarce natural resources.Efforts to support the globalization of Korean companies and strengthen partnerships in resource development between countries with scarce natural resources.
- Enhanced speed in investment decision-making through the adoption of an AI system and strengthening competitive advantages in key areas via the 'Number One Business Group' strategy.Enhanced speed in investment decision-making through the adoption of an AI system and strengthening competitive advantages in key areas via the 'Number One Business Group' strategy.
- Target Industrie
- Metal and Steel Industry (steel sheets, shipbuilding materials, etc.).Metal and Steel Industry (steel sheets, shipbuilding materials, etc.).
- Transportation and Construction Systems Industry (automobiles, heavy industry related items, etc.).Transportation and Construction Systems Industry (automobiles, heavy industry related items, etc.).
- Infrastructure and Urban Development Industry (real estate, smart city projects, etc.).Infrastructure and Urban Development Industry (real estate, smart city projects, etc.).
- Energy and Mineral Resources Industry (hydrogen/ammonia, renewable energy, carbon neutrality, resource development, etc.).Energy and Mineral Resources Industry (hydrogen/ammonia, renewable energy, carbon neutrality, resource development, etc.).
- Chemical and Electronics Industry (chemical products, electronics, electronic materials, etc.).Chemical and Electronics Industry (chemical products, electronics, electronic materials, etc.).
- Media and Digital Industry (Digital Transformation, telecommunications media, AI development data centers, etc.).Media and Digital Industry (Digital Transformation, telecommunications media, AI development data centers, etc.).
- Lifestyle and Healthcare Industry (cosmetics materials, food, etc.).Lifestyle and Healthcare Industry (cosmetics materials, food, etc.).
- MRO (Maintenance, Repair, and Operations) sector.MRO (Maintenance, Repair, and Operations) sector.
- Major Markets
- Middle East & AfricaMiddle East & Africa
- South Korea, Japan, China, Mongolia, Taiwan, Vietnam, India, SingaporeSouth Korea, Japan, China, Mongolia, Taiwan, Vietnam, India, Singapore
- Germany, Turkey, United Kingdom, ItalyGermany, Turkey, United Kingdom, Italy
- United States, CanadaUnited States, Canada
- Australia, New ZealandAustralia, New Zealand
- Central and South AmericaCentral and South America
- Certifications/Patents
- While no specific patents or certifications for Sumitomo Corporation Korea itself were identified, the broader Sumitomo Corporation Group holds ISO 14001 management system certification for sustainability management, indicating a commitment to environmental practices.While no specific patents or certifications for Sumitomo Corporation Korea itself were identified, the broader Sumitomo Corporation Group holds ISO 14001 management system certification for sustainability management, indicating a commitment to environmental practices.
- Its investment target, Biogenics, possesses patents for capsule technology related to functional substances in cosmetics.Its investment target, Biogenics, possesses patents for capsule technology related to functional substances in cosmetics.
- The Sumitomo Corporation Group enhances its technological competitiveness through its entry into the AI development data center business and the adoption of its proprietary AI system.The Sumitomo Corporation Group enhances its technological competitiveness through its entry into the AI development data center business and the adoption of its proprietary AI system.
Introduction
Location
Jongno 1(il)-ga, Jongno District, Seoul, South Korea
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