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 container
A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Shipping containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated box design, corrugated b ...
s, the first of its kind in South Korea.
It has a US subsidiary, Kolon USA Inc., selling polyester film and nylon film.
Controversies
Kolon Industries was the defendant in the lawsuit
DuPont v. Kolon Industries, 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 as ...
. 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.
See also
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Korea Open (golf)
References
External links
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{{Authority control
Chemical companies of South Korea
Companies based in Daegu
Companies listed on the Korea Exchange
Companies in the KOSPI 200
Chemical companies established in 1957
South Korean brands
South Korean companies established in 1957