WSG Co., Ltd.
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WSG Co., Ltd. - overview
Established
2020
Location
Busan, -, South Korea
Primary Industry
Industrial Machinery
About
WSG Co. , Ltd. , based in South Korea, specializes in providing packaged product solutions for life sciences and biopharmaceuticals, along with ultra-high purity stainless solutions for microelectronics and semiconductors. Founded in 2020 in Busan, South Korea, WSG Co.
, Ltd. focuses on tailored solutions for the life sciences and biopharmaceutical industries. The founding team includes Dmitry Gilev and Vitaliy Ishutin, with Jose Usher serving as CEO. The company has successfully raised a total of KRW 8 billion in its latest funding round on March 15, 2023, from returning investor Sneak Peek Investment, contributing to a total amount raised of KRW 8 billion.
The current valuation of the company stands at KRW 103,343. 826 million. WSG CREST delivers a wide array of packaged solutions to the biopharmaceutical and life sciences sectors, including single-use products, tube and fittings systems, and cell culture media. Their ultra-high purity stainless products are vital for semiconductor and microelectronics manufacturing, addressing issues such as contamination prevention and enhancing operational efficiency, catering to a global clientele.
In 2023, WSG CREST reported a revenue of KRW 38,822,644. 6 and an EBITDA of KRW 4,299,996. 5, primarily operating on a B2B model that fosters long-term partnerships with clients in high-demand sectors, ensuring compliance with stringent quality standards. WSG Co.
, Ltd. plans to leverage its recent venture funding of KRW 8 billion to expand its product line, with upcoming launches targeting enhanced efficiency in laboratory processes expected in late 2023. The company aims to penetrate new markets in North America and Europe by mid-2024, focusing on building partnerships with biopharmaceutical and semiconductor manufacturing clients.
Current Investors
CKD Venture Capital, Shinhan Securities, WONIK Investment Partners
Primary Industry
Industrial Machinery
Sub Industries
Biotechnology, Automobiles, Other Vehicles & Parts, Industrial Machinery, Semiconductor Equipment & Testing
Website
www.wsgcrest.com
Verticals
Manufacturing
Company Stage
Series B
Total Amount Raised
Subscriber access only
WSG Co., Ltd. - timeline of key events
WSG Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 18,011,811,264 | 35,026,474,447 | 59,919,773,415 | - | - | - |
| % Revenue Growth (YoY) | - | 94.5% | 71.1% | - | - | - |
| EBITDA (USD) | 1,820,537,938 | 3,612,985,635 | 5,828,402,384 | - | - | - |
| Operating Income (USD) | 1,034,842,584 | 2,063,245,511 | 4,296,523,651 | - | - | - |
| Operating Margin | 5.7% | 5.9% | 7.2% | - | - | - |
| % EBITDA Margin | 10.1% | 10.3% | 9.7% | - | - | - |
| NET Income (USD) | 736,755,659 | 4,633,846,663 | 1,787,749,237 | - | - | - |
| % Net Margin | 4.1% | 13.2% | 3.0% | - | - | - |
WSG Co., Ltd. - employee data
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