Company StarFlex Co., Ltd.

A115570

KR7115570004

Advertising & Marketing

End-of-day quote Korea S.E. Other stock markets 03:30:00 31/05/2024 am IST			5-day change	1st Jan Change
2,580 ^KRW	-0.77%		-1.53%	-15.55%

2023	StarFlex Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	CI
2019	STARFLEX Co., Ltd. announced that it has received KRW 7.4 billion in funding from Mirae Asset Daewoo Co., Ltd., SUSUNG ASSET MANAGEMENT Co., Ltd. and other investors	CI

Business Summary

StarFlex Co., Ltd. is a Korea-based company engaged in the manufacturing of the polyvinyl chloride (PVC) flex products for advertising industry. The Company's products portfolio consists of backlit flex banners, front lit flex banners, block out flex banners, self adhesive banners, coated flex banners, solit banners and textile banners, which are used in digital printing, billboards, building murals and in-store displays. The Company distributes its products within domestic market and to overseas marekts, such as Asia, North America, Central and South America, Europe, the Middle East and Africa. As of December 31, 2011, the Company had three affiliated companies. On January 18, 2013, the Company acquired additional shares of STAR CHEMICAL CO. LTD, which is mainly engaged in the manufacturing of chemical fiber. After the acquisition, it held 90.63% stake in STAR CHEMICAL CO. LTD.

Number of employees: 100

Sales per Business

KRW in Million	2022	Weight	2023	Weight	Delta
Flex Fabric 97.7 %	101,749	97.8 %	69,095	97.7 %	-32.09%
Flex Sheets Merchandise 2.0 %	1,851	1.8 %	1,440	2.0 %	-22.19%
Transportation 0.2 %	473	0.5 %	166	0.2 %	-64.88%

Sales per region

KRW in Million	2022	Weight	2023	Weight	Delta
Americas 35.0 %	55,342	53.2 %	24,744	35.0 %	-55.29%
South Korea 31.1 %	22,928	22.0 %	22,014	31.1 %	-3.99%
Asia 30.9 %	20,839	20.0 %	21,861	30.9 %	+4.90%
Europe 1.9 %	4,242	4.1 %	1,348	1.9 %	-68.22%
Others 1.0 %	722	0.7 %	733	1.0 %	+1.61%

Managers

Managers	Title	Age	Since
Se-Kwon Kim FOU	Founder	70	01/85/01
Min-Pyo Kang DFI	Director of Finance/CFO	58	24/91/24
Jeong-Yong Lee BRD	Director/Board Member	58	01/95/01
Gi-Han Lee AUD	Comptroller/Controller/Auditor	64	30/21/30

Members of the board

Members of the board	Title	Age	Since
Se-Kwon Kim FOU	Founder	70	01/85/01
Min-Pyo Kang DFI	Director of Finance/CFO	58	24/91/24
Jeong-Yong Lee BRD	Director/Board Member	58	01/95/01
Byung-Jun An BRD	Director/Board Member	59	29/22/29