DAESUNG FINETEC CO.,LTD. is a Korea-based company mainly engaged in the manufacture of fine blanking molds. The Company produces and distributes fine blanking products, such as door locks, seat recliners, brakes, safety belts, air conditioner disks, transmissions, clutch hub plates, molds and others, which are used as automobile parts. The Company also provides pattern tools, such as fine blanking tools and normal press dies, and others. In addition, it involves in the manufacture of fine blanking press products through its subsidiary, DAESUNG FINE TEC (THAILAND). The Company distributes its products within domestic market and to overseas markets. On September 16, 2014, it merged with KANGNAM CO.,LTD. engaged in production and sale of solar water heaters and room heaters. After that, the Company survived.