DA Technology Co., Ltd. is a secondary battery notching/stacking/winding/tab-welding assembly-process equipment specialist founded in 2000 and listed on KOSDAQ in 2014, but the company is currently undergoing court receivership.
1. Company Overview
- Company name: DA Technology Co., Ltd., ticker 196490 (KOSDAQ, currently trading-suspended)
- Founded: 2000 / KOSDAQ listing: 2014
- Business area: notching, stacking (Z-stacking), winding, tab welding, and other assembly-process automation equipment
- Current status: filed for rehabilitation proceedings with the Suwon Rehabilitation Court in April 2024 — under court receivership, in the process of finding a new owner through M&A
2. History and Personnel
Founded in 2000, the company has focused on producing assembly-process equipment such as notching equipment for making cathode/anode tabs and stacking equipment for building up electrodes in secondary batteries. It successfully listed on KOSDAQ in 2014 and has maintained business relationships with major battery manufacturers including LG Chem and LG Energy Solution. However, following a large-scale loss on an LG Energy Solution project in 2023 and allegations of embezzlement and breach of trust against the former CEO, funding was cut off, leading the Suwon Rehabilitation Court to approve the commencement of rehabilitation proceedings in 2024. Stock trading has also been suspended due to a substantive listing-eligibility review.
R&D personnel are reported to account for more than 35% of all employees, reflecting a high level of technology investment. The company holds 66 domestic and international patents and is evaluated as possessing world-class technology in high-speed laser notching and large-format stacking equipment (per industry reports).
3. Core Technology and Key Equipment
The company operates both press-type notching and high-speed laser notching equipment, with Z-stacking technology as its main focus.
- Notching equipment (press-type / laser-type)
- Z-stacking (lamination) equipment
- Winding equipment
- Tab-welding equipment
4. Production Infrastructure and Quality Assurance
The company is reported to hold 66 domestic and international patents. Detailed factory floor area and capacity are (undisclosed).
5. Delivery Track Record and Partnerships
The company has mainly supplied equipment to LG Energy Solution, and it has been disclosed that in May 2023 it signed a KRW 11.45 billion assembly-process equipment supply contract with LG Electronics (for a battery assembly line at a China plant). In December 2022, it signed a Z-stacking contract worth approximately KRW 50 billion for the Hyundai Motor–LG Energy Solution Indonesia joint venture.
6. Financial Status and Roadmap
2023 revenue was around KRW 88 billion, but the company recorded an operating loss of KRW 44.4 billion due to a failure in cost management (per public reports). It received a decision to commence rehabilitation proceedings in April 2024, and a stalking-horse M&A process led by Samil PwC is underway (as of August 2025).
The company aims to secure a new owner through M&A, normalize management, and achieve an early conclusion of the rehabilitation proceedings. It is reported that acquisition candidates seeking to avoid China export restrictions by partnering with a domestic firm have shown interest.
This profile was compiled from publicly available sources including Electronic Times, Asia Economy, MoneyToday, TheBell (thebell.co.kr), and Daum News; unverified figures and non-public information have not been arbitrarily included.