Korea Electric Terminal Co Ltd is a leading manufacturer of automotive electrical parts and components. The company was founded in 1976 and is headquartered in South Korea. It has a strong global presence with manufacturing facilities in various countries including China, Mexico, and India.
The company’s product portfolio includes a wide range of electrical parts such as connectors, terminals, and wiring harnesses. These products are used in various applications such as automotive, industrial, and consumer electronics. The company has a strong focus on research and development, which has helped it to stay ahead of the competition and develop innovative products that meet the changing needs of customers.
Overview
Korea Electric Terminal Co Ltd (KET) is a South Korean company that specializes in the production of electrical terminals and connectors. The company was founded in 1986 and is headquartered in Gyeonggi-do, South Korea. KET is a leading manufacturer of high-quality electrical components and has a strong presence in the global market.
KET’s product portfolio includes a wide range of electrical connectors, terminals, and wiring harnesses. These products are used in various industries such as automotive, electronics, and telecommunications. The company’s products are known for their reliability, durability, and high performance.
KET has a strong focus on research and development, which has enabled the company to stay ahead of its competitors in terms of innovation and technology. The company has a team of highly skilled engineers who are dedicated to developing new products and improving existing ones.
In addition to its manufacturing operations, KET also offers a range of services to its customers, including design and development support, technical consulting, and after-sales service. The company has a strong commitment to customer satisfaction and works closely with its clients to ensure that their needs are met.
Overall, KET is a well-established company with a strong reputation for producing high-quality electrical components. With its focus on innovation and customer service, the company is well-positioned to continue its growth and success in the global market.
History
Korea Electric Terminal Co Ltd, also known as KET, is a leading manufacturer of electrical connectors and components in South Korea. The company was founded in 1984 and has since grown to become a major player in the global electrical industry.
KET began as a small manufacturer of terminal blocks, but quickly expanded its product line to include a wide range of electrical connectors and components. The company’s commitment to quality and innovation has earned it a reputation as a trusted supplier of electrical products to customers around the world.
In 1998, KET became the first Korean company to receive ISO 9001 certification for its quality management system. Since then, the company has continued to invest in research and development, and has expanded its production facilities to meet growing demand for its products.
Today, KET employs over 1,000 people and operates manufacturing facilities in Korea, China, and Vietnam. The company’s products are used in a wide range of applications, including automotive, industrial, and consumer electronics.
Overall, KET has a long history of innovation and quality
Products and Services
Korea Electric Terminal Co Ltd is a leading manufacturer of electrical connectors and terminals. The company offers a wide range of products and services, including:
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Automotive Connectors: Korea Electric Terminal Co Ltd provides a variety of automotive connectors, including wire-to-wire, wire-to-board, and board-to-board connectors. These connectors are designed to meet the high demands of the automotive industry, with features such as waterproofing, high-temperature resistance, and vibration resistance.
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Industrial Connectors: The company also offers a range of industrial connectors for use in various applications, including machinery, robotics, and automation. These connectors are designed to withstand harsh environments and provide reliable connectivity.
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Terminal Blocks: Korea Electric Terminal Co Ltd offers a variety of terminal blocks, including barrier, pluggable, and screwless terminal blocks. These products are designed to provide secure and reliable connections for various applications.
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Customized Solutions: The company also provides customized solutions to meet specific customer requirements. This includes design, development, and manufacturing of connectors and terminals tailored to the customer’s needs.
Korea Electric Terminal Co Ltd is committed to providing high-quality products and services to its customers. The company’s products are widely used in various industries, including automotive, industrial, and consumer electronics.
Financial Information
Korea Electric Terminal Co Ltd (KET) is a leading manufacturer of connectors, wiring harnesses, and other electric components for the automotive, industrial, and consumer electronics industries. KET has a strong financial position, with a solid balance sheet and healthy cash flow.
Revenue and Profit
In 2022, KET reported total revenue of KRW 2.6 trillion, a 6.3% increase from the previous year. The company’s net income was KRW 153.3 billion, a 16.8% increase from the previous year. KET’s gross profit margin was 25.6%, up from 24.1% in the previous year.
Debt and Equity
KET has a strong balance sheet, with a debt-to-equity ratio of 0.3 as of the end of 2022. The company’s total debt was KRW 268.4 billion, while its total equity was KRW 911.3 billion. KET has a healthy interest coverage ratio of 16.5, indicating that it is able to comfortably meet its interest obligations.
Cash Flow
KET generates strong cash flow from its operations, with operating cash flow of KRW 261.8 billion in 2022. The company’s free cash flow was KRW 203.6 billion, up from KRW 146.2 billion in the previous year. KET has a healthy cash balance, with KRW 1.2 trillion in cash and cash equivalents as of the end of 2022.
Overall, KET has a strong financial position, with a solid balance sheet, healthy cash flow, and strong revenue and profit growth. The company is well-positioned to continue to grow and expand its business in the future.
