What the company does
IL Seung makes equipment and components used in shipbuilding, including systems that treat sewage and purify water and fuel on vessels, fittings and regasification equipment for liquefied-natural-gas (LNG) ships, fabricated steel pipe assemblies, and protective films.
Its products are supplied to the shipbuilding and marine industry. Listed on KOSDAQ, Korea's tech and small-cap exchange, the company operates across four distinct divisions, environmental equipment, ship LNG systems, pipe fabrication, and materials, giving it a diversified product base within the marine supply chain.
Summary is AI-generated and may contain errors · figures from DART filings
Financials
Source: DART · FY ending Dec · latest FY2025Revenue
- FY2023US$38.4M
- FY2024US$37.5M
- FY2025US$36.7M
Operating profit
- FY2023US$3.8M
- FY2024US$5M
- FY2025US$7.9M
Net income
- FY2023US$5.6M
- FY2024US$4.7M
- FY2025US$9.9M
Key ratios (FY2025)
Why it matters · Context, not a recommendation
IL Seung consolidates its shipbuilding-equipment operations alongside a named subsidiary, Dongbang Sungi, which handles the environmental-equipment and pipe-fabrication divisions.
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