STX Corporation

South Korean company STX CorporationTypePublicIndustryHeavy equipmentFounded1976; 50 years ago (1976)HeadquartersChangwon, South KoreaKey peopleChairman Park Sang-joonProductsTradeTotal assetsUS$23 billion (2008 2Q)Number of employees44,000 (STX Total) 2008 20,000 (STX Europe)SubsidiariesSTX Marine Service STX ResortWebsiteSTX Corporation STX Corporation is a South Korean company that provides trading services and is publicly held. The company operates through two divisions: trade and ship maintenance. Its trade division deals with shipping and energy materials such as coal, oil, and steel. The ship maintenance division offers services such as cargo management, marine technical, insurance, crew management, and other related services. The headquarters of STX Corporation is located in Gyeongsangnamdo, South Korea. The company is founded in 1976 as Ssangyong Heavy Industries Co., Ltd., an affiliate of the Ssangyong Group. Following the Asian financial crisis, the company changed its name to STX Co., Ltd. in May 2001. The company had five local subsidiaries including STX Offshore & Shipbuilding, STX Engine, STX Heavy Industries, STX PanOcean and STX Energy.[citation needed][needs updat