Hanil Cement

Hanil Cement Co., Ltd. is a South Korean cement and construction-materials company headquartered in Seoul. Established in 1961 by Huh Chae-kyung, it emerged during the formative period of South Korea’s industrialization and is described as the country’s second-oldest cement company. Its core business is the production of Portland cement and related cement products, with Remital identified as one of its branded cement offerings. The company’s role is closely connected to the Korean construction sector, where cement is a basic material for concrete, civil engineering, housing, and infrastructure projects. Hanil Cement’s corporate history includes a major expansion through the acquisition of Hyundai Cement. In 2007, Hanil Cement and LK Investment Partners formed HLK Holdings, a special-purpose vehicle, and acquired a controlling 84.56 percent stake in Hyundai Cement from a group of 32 creditors. The transaction represented a significant step beyond Hanil Cement’s original operating base and linked the company to a broader consolidation of Korea’s cement industry. The available reference material does not establish the full subsequent ownership structure or provide a definitive account of the company’s current corporate group, so those details are left unspecified here. The company has also faced regulatory scrutiny. South Korea’s Fair Trade Commission fined Hanil Cement 44.6 billion won in connection with an alleged cement-price-fixing scheme involving the coordination of output and market share in 2011. In July 2020, South Korean financial authorities raided Hanil Cement’s headquarters and the residence of Huh Gi-ho, co-chief executive of Hanil Holdings, as part of an investigation into alleged stock-price manipulation and the use of inside information related to the merger of HLK Holdings and Hanil Cement. The reference material identifies the investigation and charges but does not provide a final judicial outcome. Hanil Cement is therefore best characterized as an established Korean industrial brand whose identity rests on cement manufacturing, branded cement products, and participation in the country’s construction-materials market. Publicly available information supplied for this entry is limited regarding production capacity, distribution, overseas operations, financial performance, current leadership, and detailed product specifications.

Hanil Cement was established in South Korea in 1961 by Huh Chae-kyung. The company was founded during a period when the country was building the industrial capacity needed for rapid urbanization, infrastructure development, and economic growth. Cement became a strategically important industrial material in that environment, supporting housing, roads, factories, public works, and other forms of construction. Hanil Cement is identified in the reference material as South Korea’s second-oldest cement company, giving the brand a long-standing position in the domestic cement industry. The company’s principal activities center on cement manufacturing. Its products include Portland cement and other cement products, and the Remital name is associated with one of its branded cement offerings. The supplied material also describes Hanil Cement as a concrete and chemical company, indicating that its business scope extends beyond the narrow production of basic cement. However, the available references do not provide detailed information about individual plants, production volumes, sales channels, technical specifications, or the geographic division of its operations. A major corporate development occurred in 2007, when Hanil Cement and LK Investment Partners established HLK Holdings as a special-purpose acquisition vehicle. Through HLK Holdings, the consortium purchased a controlling 84.56 percent stake, equal to 14.17 million shares, in Hyundai Cement from 32 creditors. The acquisition connected Hanil Cement with one of the sector’s significant corporate transactions and marked an important expansion of its corporate interests. The available source does not fully document the subsequent evolution of the holding structure or the precise relationship between Hanil Cement, Hanil Holdings, HLK Holdings, and Hyundai Cement over time. Hanil Cement later became the subject of regulatory and legal scrutiny. In relation to conduct occurring in 2011, South Korea’s Fair Trade Commission imposed a 44.6 billion won fine after determining that cement companies, including Hanil Cement, had colluded to manipulate cement prices by controlling output and market share. This episode placed the company within a broader competition-policy controversy affecting South Korea’s cement market. In July 2020, a special judicial police squad associated with South Korea’s Financial Supervisory Service raided Hanil Cement’s headquarters and the home of Huh Gi-ho, identified in the reference as co-chief executive of Hanil Holdings. Authorities investigated allegations that Hanil Holdings and Huh Gi-ho had used inside information connected with the merger of HLK Holdings and Hanil Cement to manipulate stock prices and obtain greater control of the combined company. The supplied reference describes the investigation and charges but does not state a final court judgment, settlement, or definitive outcome. Accordingly, the matter should be presented as an allegation and investigation rather than as an adjudicated finding. The source material establishes Hanil Cement as a long-established Korean industrial company with activities in cement, concrete, and chemical materials, but it does not supply enough verified information to describe its current management, exact ownership, international footprint, financial results, or present product portfolio in detail.

• 2020

  Financial investigation into alleged stock-price manipulation

  [1]Hanil Cementen.wikipedia.org

  Authorities raided Hanil Cement’s headquarters and investigated alleged insider-information use and stock-price manipulation related to the merger of HLK Holdings and Hanil Cement.

• 2011

  Cement price-fixing case

  [1]Hanil Cementen.wikipedia.org

  The South Korean Fair Trade Commission fined Hanil Cement 44.6 billion won in connection with alleged coordination of cement output, market share, and prices.

• 2007

  Acquisition of Hyundai Cement

  [1]Hanil Cementen.wikipedia.org

  Hanil Cement and LK Investment Partners formed HLK Holdings and acquired an 84.56 percent controlling stake in Hyundai Cement from 32 creditors.

• 1961

  Hanil Cement is established

  [1]Hanil Cementen.wikipedia.org

  Huh Chae-kyung founded Hanil Cement Co. in South Korea, beginning the company’s operations as a cement manufacturer.

An established South Korean cement and construction-materials manufacturer serving the domestic building and infrastructure sector, with a heritage dating to the early industrialization period.

• Cement

  Portland cement

  Portland cement is identified as a principal Hanil Cement product. It is the company’s core industrial material and is used as a binding component in concrete and other construction applications. The supplied reference does not specify individual grades, technical standards, packaging formats, or production locations.

• Branded cement product

  Remital

  Remital is a cement brand associated with Hanil Cement in the reference material. It represents the company’s branded-product presence alongside its broader Portland cement portfolio. No verified details are supplied about its formulation, intended application, market share, packaging, or current range.

• Concrete and construction materials

  Concrete and construction materials

  Hanil Cement is described as operating in cement, concrete, and chemical products. These activities place the company within the wider construction-materials supply chain, although the available reference does not identify specific concrete formulations, chemical product names, or separately managed business lines.

• 2020

  Investigation into alleged insider trading and stock-price manipulation

  South Korean financial authorities investigated Hanil Holdings and Huh Gi-ho over allegations that insider information related to the HLK Holdings–Hanil Cement merger was used to manipulate stock prices and increase control of the combined company. The supplied source does not establish a final adjudicated outcome.

  Source

• 2011

  Cement price-fixing allegations and regulatory fine

  The South Korean Fair Trade Commission fined Hanil Cement 44.6 billion won in connection with alleged collusion involving cement prices, output, and market share.

  Source

Read more

• 2007

  Acquire a controlling stake in Hyundai CementM&A

  Background

  Hanil Cement and LK Investment Partners pursued the acquisition of Hyundai Cement from 32 creditors through the special-purpose company HLK Holdings.

  Action taken

  The consortium acquired 84.56 percent of Hyundai Cement, equivalent to 14.17 million shares.

  Aftermath

  The transaction expanded Hanil Cement’s corporate interests in the Korean cement sector. The supplied material does not provide a complete account of the later ownership or operating consequences.

  Acquired equity stake. 84.56% controlling stake, or 14.17 million shares (2007)

  Source

1. 1Hanil Cementen.wikipedia.org