SEOJIN AUTO COMPANY LIMITED

SEOJIN AUTO COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH SEOJIN AUTO), legally registered under Business ID and Tax Identification Number 2300956022, is a foreign direct investment (FDI) enterprise operating in Vietnam since December 15, 2016. The company is a wholly owned subsidiary of SEOJIN SYSTEM CO., LTD based in South Korea, and functions as a one-member limited liability company under the oversight of the Bac Ninh Province Department of Planning and Investment.

Headquartered at Lot J5, Dai Dong, Hoan Son Industrial Park, Tan Hong Ward, Tu Son City, Bac Ninh Province, the company also maintains a branch in Ha Nam Province and a transaction office in Tien Son Industrial Park. SEOJIN AUTO’s main business lines include the manufacturing and processing of metal frames and components for telecommunications equipment, mobile phones, and automobile engines, along with a range of electrical and fabricated metal products.

At the executive level, Mr. Jun D. K., a South Korean national, serves as General Director but resides in South Korea, having authorized Mr. Lee Y. D. to oversee daily management in Vietnam. The company employs a sizable workforce of 2,024 individuals and reported a paid-up capital of over USD 106.5 million by the end of 2024.

Despite its operational scale and increasing sales, SEOJIN AUTO faces ongoing financial challenges. For the fiscal year ending December 31, 2024, the company recorded total assets of USD 324.25 million, a slight decline of 5.15% compared to 2023. More notably, the company's equity continued to shrink, dropping by 18.59% to USD 65.2 million, following a similar downward trend from the previous year. While total sales reached USD 153.25 million, an increase of 13.09% from the prior year, the company reported a negative profit of USD -14.89 million. Though this loss reflects a partial recovery from previous years, it continues a multi-year pattern of financial underperformance. Working capital was also deeply negative at USD -107.57 million, raising concerns about the firm’s short-term liquidity and financial resilience.

From a risk management perspective, SEOJIN AUTO presents a complex picture. On one hand, the company has strong production capabilities, significant foreign capital backing, and a growing top-line revenue base. On the other hand, persistent losses and declining equity suggest structural inefficiencies or cost burdens that have yet to be resolved. These red flags are particularly relevant for suppliers, partners, and investors seeking reliable Vietnam private financial data or engaging in business verification services.

In conclusion, while SEOJIN AUTO COMPANY LIMITED remains operationally active and ambitious in its industrial presence, its financial health requires cautious scrutiny. Stakeholders are advised to carefully assess both the opportunities and inherent risks tied to the company’s trajectory. As always, VANGUARD BUSINESS INFORMATION LLC (VBI) continues to provide objective financial intelligence and comprehensive risk management service to guide informed decision-making in Vietnam’s dynamic FDI landscape.