Kolon Industries is a Korean chemical and textile manufacturing company. It was founded in 1957 as Korea Nylon Inc., an early manufacturer in the Korean nylon industry.
It has since expanded to produce chemicals, other materials and fashion.
In 2015 Kolon Industries opened a shopping mall built with shipping containers, the first of its kind in South Korea.
It has a US subsidiary, Kolon USA Inc., selling polyester film and nylon film.
Kolon Industries was the defendant in the lawsuit
DuPont v. Kolon Industries
''DuPont v. Kolon Industries'' is an intellectual property lawsuit centering on the allegation that Kolon Industries (of 코오롱그룹), a South Korea-based company, stole trade secrets concerning the production and marketing of Kevlar from D ...
, about the alleged theft of trade secrets concerning
Kevlar
Kevlar (para-aramid) is a strong, heat-resistant synthetic fiber, related to other aramids such as Nomex and Technora. Developed by Stephanie Kwolek at DuPont in 1965, the high-strength material was first used commercially in the early 1970s a ...
. The lawsuit was settled in 2015, with damages of US$275 million being paid to DuPont. The company also pleaded guilty to a federal charge of conspiracy to convert trade secrets, for which they will pay $85 million in criminal fines.
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Chemical companies of South Korea
Companies based in Daegu
Companies listed on the Korea Exchange
Chemical companies established in 1957
South Korean brands
South Korean companies established in 1957