Kumhwa

About Kumhwa

Kumhwa PSC, founded in May 1981 and listed on the KOSDAQ in December 2000, is a South Korean plant engineering and construction company specializing in power plant maintenance. The company's primary operations involve providing comprehensive maintenance services for thermal and nuclear power plants, which includes routine and preventive maintenance to minimize operational disruptions and ensure facility efficiency. It also engages in plant construction, with experience in power generation, petrochemical, steel mill, and environmental facilities since 1982.

The company was founded as Kumhwa Kigong in 1982 by Kim Sung-ki. The current CEOs are Kim Sung-ki and Kim Kyung-tae. Kumhwa PSC expanded into the power plant maintenance sector in 1995, becoming the first private company in South Korea to undertake this work. Its business is segmented into routine maintenance, which constituted about 70% of its revenue in 2020, along with plant and overseas construction. The firm serves clients in both domestic and international markets.

Kumhwa PSC's subsidiaries broaden its service offerings. These include Geumhwa C&E for instrumentation and control system maintenance, Geumhwa Electronics for automotive parts manufacturing, Geumhwa WTS (formerly Keumhwa-Jeongsu) for industrial water and wastewater treatment, and NSC Co., Ltd. for machinery, facility construction, and insulation work. The company has also ventured into the renewable energy sector, with projects like the Jeju Wind power generator, and is registered as a specialized renewable energy company.