Sooyang Chemtech

Sooyang Chemtech, founded in 1999, is headquartered in Seoul, South Korea. The company focuses on producing specialty chemicals for use in the automotive, construction, and consumer goods sectors. In March 2026, Shinhan Securities and SKS, along with Dongsung Chemical, acquired a 60% majority stake in Sooyang Chemtech for KRW 50 billion. As of March 2026, Beom-ho and Deuk-young Park serve as co-CEOs of the company.

Sooyang Chemtech specializes in a range of chemical products designed to meet the needs of various industries, with a primary focus on specialty chemicals. Their core offerings include advanced materials for coatings, adhesives, and sealants, which are utilized in sectors such as construction, automotive, and consumer goods. These products are engineered to enhance durability, performance, and environmental compliance, addressing challenges such as adhesion, weather resistance, and safety standards. Sooyang Chemtech serves a diverse client base, including manufacturers and distributors across North America, Europe, and Asia, providing tailored solutions to meet specific industry requirements.

By prioritizing innovation and quality, the company aims to establish long-term partnerships with clients who seek reliable and high-performance chemical solutions. Sooyang Chemtech generates revenue through direct sales of its chemical products to B2B clients, primarily engaging with manufacturers and industrial users. The business model is structured around long-term contracts and partnerships, where clients place bulk orders based on their production needs, ensuring a steady flow of transactions throughout the year. Revenue is realized through the sale of specialty chemicals, with flagship products commanding premium pricing due to their unique formulation and application benefits.

The company typically offers customized pricing plans based on order volume and product specifications, allowing flexibility to meet the diverse needs of its customer base. Through these structured transactions, Sooyang Chemtech maintains a robust revenue stream, reflecting the demand for high-quality chemical solutions in various global markets. The March 2026 buyout transaction aims to support Sooyang Chemtech in strengthening its industrial ecosystem of specialty chemical materials. In addition, the company aims to enhance its product line by developing new specialty chemical formulations and plans to expand its market reach into Southeast Asia and South America.

Recent funding will support these initiatives, focusing on research and development, as well as market entry strategies for the new regions.