History SB Sunbo Launches Integrated Corporation, Takes First Step Toward Bold…
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On July 1, SB Sunbo held the official launch ceremony of its integrated corporation at the Gupyeong Plant in Saha-gu, Busan, unveiling a new vision: “Global Energy Leader Opening the Future with Eco-Friendly Technologies.”
The launch marked the consolidation of four subsidiaries—Sunbo Industrial, Sunbo Unitech, Sunbo Hitec, and Sunbo Peace—into a single entity, signaling SB Sunbo’s commitment to advancing as a global eco-friendly energy company. Around 500 executives and employees attended, alongside distinguished guests including Park Hyung-jun, Mayor of Busan; Yang Jae-saeng, Chairman of the Busan Chamber of Commerce; Kim Hyung-kwan, CEO of HD Hyundai Mipo; and Kim Jung-tae, former Chairman of Hana Financial Group, who added prestige to the event.
▶ Ceremony Highlights
Following the 39th Anniversary Commemoration in the first part of the event, the launch ceremony began with opening remarks, the national anthem, and introductions of distinguished guests. A commemorative video showcasing SB Sunbo’s growth and innovation was screened, highlighting the company’s journey and vision.
Chairman Choi Geum-sik delivered a keynote speech, emphasizing the significance of the integrated corporation and SB Sunbo’s determination to emerge as a global eco-friendly company. Leaders from the local business and government sectors also offered congratulatory messages celebrating the company’s new chapter.
A presentation followed to share SB Sunbo’s brand story and vision, culminating in a vision touch performance where employees actively participated, officially unveiling the company’s new vision.
CEO Choi Young-chan of Sunbo Angel Partners presented the “Sunshine Value Chain” strategy, detailing mid- to long-term plans such as building a carbon-neutral value chain.
Toward the end of the ceremony, Chairman Choi personally presented appreciation gifts to six key contributors who played vital roles in SB Sunbo’s early growth, followed by a group photo session. The event concluded with celebratory performances by popular artists including Yoon Soo-il, Kim Yong-pil, and Cho Joo-han, creating a lively and memorable atmosphere.
▶ Vision and Future Business Strategies
In his speech, Chairman Choi stated,
“SB Sunbo will go beyond the traditional shipbuilding equipment industry and drive innovation in eco-friendly energy and marine new technologies.
Through this integration, we will combine the expertise and technologies of each subsidiary to deliver faster and more precise solutions to meet customer needs.”
CEO Choi Young-chan added,
“SB Sunbo will build a ‘Korean-style integrated decarbonization value chain,’ spanning carbon capture, storage, recycling, eco-friendly fuels, and hydrogen ecosystems.
Through strategic open innovation and close government–corporate collaboration, we aim to lead the global carbon-neutral market.”
Key future business strategies announced include:
• Transition to eco-friendly fuels
• Commercialization of carbon emission reduction technologies
• Development of a CCS network ecosystem through international cooperation
SB Sunbo has already successfully supplied LNG Fuel Supply Systems (FGSS) to the market and is preparing for the commercialization of eco-friendly fuel supply systems (LFSS), including methanol and ammonia.
In carbon reduction, SB Sunbo plans to apply Onboard Carbon Capture System (OCCS) and Wind Assisted Propulsion System (WAPS) technologies on operational vessels by 2027, in collaboration with global shipping company MOL. Additionally, hydrogen production systems are being established in seven domestic regions, with plans to build a global CCS network with international partners by 2030.
The integrated corporation will accelerate SB Sunbo’s eco-friendly energy business expansion and aims for a stock market listing by 2027, marking a bold step toward global growth.