Tel: +82 31-467-6437
Fax: +82 31-443-8570
Sales: $90 million for Daihan Ink and DI&C; $170 million (consolidated Group sales).
Major Products: Offset sheetfed, web heatset, UV ink; metal deco ink; letterpress ink; UV inkjet ink; digital sublimation ink. Sister company DI&C produces gravure and flexo ink.
Key Personnel: J.S. Han, chairman; J.Y. Kwon, Daihan Ink Co., Ltd. CEO for Offset Ink Division; C. H. Lee, DI&C Co., Ltd. CEO; (Liquid Ink Division); H.S. Han, Seda Co., Ltd. and Izen Co., Ltd. CEO.
No. of Employees: 300.
Comments: Founded in 1945, Daihan Ink Co., Ltd. is the oldest ink manufacturer in Korea. Daihan Ink Group features four companies: Daihan Ink Co., Ltd., which offers total printing solutions for offset, UV and metal deco inks and coatings; DI&C Co., Ltd., which focuses on liquid inks; Seda Co., Ltd., which designs and constructs chemical plants and is involved in chemical trading; and Izen Co., Ltd., which specializes in chemical plant maintenance, design and construction.
Charlie Lee, head of Daihan Ink’s Overseas Sales Department’s team, said that the company is seeing growth in packaging while commercial printing continues to decline.
“Both in the local and overseas markets, it was slightly lower than 2017,” Lee said. “Korean commercial printing keeps decreasing every year, so we are now focusing more on packaging printing ink such as high pigmentation offset ink, UV ink, etc. In 2019, we have decided to invest more in our Vietnam factory. Until now, our Vietnam factory produced inks with Korean base ink (semi-finished ink), but we realized that it limits our expansion, so we decided to expand the facility so that our Vietnam factory can produce from A to Z.
“The conventional printing industry is declining, so we are trying to reinforce conventional market more, and expanding our line-ups to coatings and other related chemicals,” added Lee. “And in our background, we have our paint group, and we are collaborating with them as well.”
Daihan Ink has made some strategic alliances with suppliers that are paying off in various ways, ensuring stable supply at good prices.
“We have a strategic alliance with a resin company, so our main raw material supply is quite stable,” Lee said. “For other raw materials such as pigments, prices keep increasing, but we are trying to absorb it. The toughest issue is LED UV ink raw materials, which are photoinitiators. Due to the shortage of supply, the price increased by about 400%, and now is slightly decreasing, so it’s difficult to manage the LED UV ink business.”
Lee said that Daihan Ink’s alliance with a recovered carbon black company is proving to be successful.
“We have a strategic alliance with a recovered carbon black (rCB) company, so we apply this to our book black ink that is good quality and price competitive,” he noted. “We are not only using this rCB, but we trade this, plus we are trading masterbatches made of this rCB. We also recently developed Graphene PTC carbon black ink for heating film; we supply this ink to this film manufacturing company, and are also trading this film.”
Lee noted that these alliances will be critical to competing in this difficult environment.
“It will be tougher day by day,” he added. “We need to create new solutions so that we can scratch customers’ itches. To overcome these difficulties, we will keep making strategic alliances with related companies, and at the same time, will keep developing competitive products.”