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12th Asia Business Leaders Awards

Lee Sung-Hwi

CEO
SeAH Besteel Corporation

Sung-Hwi Lee, CEO of SeAH Besteel, was born in Busan on 1950 and graduated from the Department of Metallurgical Engineering from Seoul University. After 15 years in a related field, he started his career with SeAH Group's Planning Team at SeAH Steel.

The acquisition of Kia Steel under court receivership turned out to be a great chance for SeAH Besteel. During and after the acquisition, Lee demonstrated his excellent leadership through the success of the M&A and by converting the corporation's books from red to black the next year. Also, Lee forecasted the demand growth accurately and expanded the company's capacity with a preemptive investment of ₩1 trillion from 2004. As a result, SeAH Besteel achieved CAGR 14.8% in sales and became the No.1 in the industry.

About the Company

SeAH Besteel is the No.1 Company in Korea specialized in special steel and made ₩2.2 trillion in sales and ₩170 billion in operating profit. SeAH Besteel was established as a Machinery Manufacturer in 1937. After converting its core business, the company has primarily supplied special steel with large-sized single products and AutoParts. SeAH Besteel constructed a large-scale special steel plant in Gunsan in 1997. The plant, equipped with automatic systems, has enhanced cost competitiveness and achieved very large capacities such as a 3.1 million-ton steelmaking and a 2.8 million-ton production system. In addition, SeAH Besteel's Technology Research Center does its utmost to increase quality and future competitiveness through research.

Contact

  • Gwendolene Lim
    Director of Marketing

    Jane Lam
    Senior Events Marketing Executive

    CNBC Asia Pacific
    10 Anson Road #06-01
    International Plaza
    Singapore 079903

    Fax: +65 6223 0020

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