Kapjin Co., Ltd., founded in 1997, is a power-electronics and charge-discharge-machine specialist and a battery back-end equipment maker whose major customers include Samsung SDI and SK On — the company is currently up for sale.
1. Company Overview
- Company Name: Kapjin Co., Ltd.
- Founded: 1997
- Business: Power electronics, charge-discharge machines (battery back-end process)
- Current Status: Filed for court receivership (rehabilitation) proceedings with the Suwon Rehabilitation Court in April 2025 — currently up for sale with an M&A process underway (per March 2026 reporting)
2. History and Workforce
Founded in 1997, the company developed and supplied core smart-grid-related industrial equipment based on software technology accumulated through its power-electronics and charge-discharge-machine business. However, after a large bad-debt loss on accounts receivable arose from transactions with Geumyang, one of its major sales channels, the company filed for court receivership proceedings with the Suwon Rehabilitation Court in April 2025.
The company is reported to be capable of responding to both new development and mass production/after-sales service through its own proprietary technology, R&D institute, and manufacturing-technology specialist personnel, and to hold construction capability across all segments enabling turnkey supply. Detailed workforce composition is (undisclosed).
3. Core Technology and Key Equipment
The company has developed and supplied battery back-end (formation) process equipment based on its power-electronics and charge-discharge-machine technology.
- Charge-discharge machines (battery back-end process equipment)
- Power-electronics-based core smart-grid equipment
4. Production Infrastructure and Quality Assurance
Detailed factory floor area and capacity figures are (undisclosed).
5. Delivery Track Record and Partnerships
The company’s major customers are reported to be Samsung SDI and SK On, with Wonik PNE and Apro cited as its main competitors (per industry reporting).
6. Financial Status and Roadmap
Following its April 2025 filing for receivership proceedings, the company is currently up for sale with an M&A process underway (per March 2026 fnMarketWatch reporting). Individual revenue and profit figures are (undisclosed).
The company is pursuing management normalization through M&A.
This profile was compiled based on publicly available sources including fnMarketWatch (republished via Daum News). Unverified figures and undisclosed information have not been arbitrarily included.