Dae-IL USA, Inc. announced that it has received KRW 41.38 billion in funding from DAE-IL Corporation
October 12, 2017
Share
Dae-IL USA, Inc. announced that it has received KRW 41,380,050,000 in a round of funding on October 13, 2017. The transaction included participation from existing investor, DAE-IL Corporation (KOSE:A092200). On closing, the investor will retain its 100% stake in the company. The transaction was approved by the board of directors of the investor. The company reported total assets of KRW 10,941,340,780, revenues of KRW 33,734,702,245, and net loss of KRW -4,613,005,526 for the year ended 2016.
DAE-IL Corporation is a Korea-based company mainly engaged in the manufacture of automobile parts and heavy equipment parts. The Company mainly provides three categories of products: automobile parts, which include diff sub-assemblies, clutch shafts, planet carrier shafts, oil pump gears, reaction shaft assemblies and others used for transmissions and engines of passenger cars and commercial vehicles; heavy equipment parts, such as transaxle and drive axle assemblies for transmissions of heavy equipment, such as forklifts, and motorcycle parts, which include engines and transmission assemblies for motorcycles and industrial machines. The Company distributes its products within domestic market and to overseas markets.
DAE-IL CORPORATION 
