Compositer Inc. is an ultra-gap advanced-materials platform company headquartered in Seoul, Korea. We replace painted steel vehicle exteriors and structural parts with lightweight, paint-free thermoplastic composite panels: color, structure, and rigidity formed together, inside the mould, in one shot. No painting. No press. No welding.
The company, on one page.
The seven answers a first meeting asks for.
- Founded
- November 2020 · Seoul, Korea
- Platforms
- EP, Li:ma, NEXKIN
- Programs
- 13 joint-development · 5 in mass production
- Certified
- Venture Company · INNO-BIZ · MAIN-BIZ (2026)
- Industries
- Automotive, energy, chemicals, agri-machinery
- Leadership
- 119+ years combined materials experience
- Material supply
- 92% Korea-sourced raw material
What is already in service.
Shipped volumes and measured results from parts on the road, in the ground and in the yard. Not a pipeline.
13
Joint-development programsWith Korean OEMs and tier-1s5
Programs in mass productionEP and Li:ma parts, shipping today2.86bn KRW
Revenue, 2025Second straight profitable year+132.9%
Revenue growth, 2025Li:ma alone +134% in 2024The deployed record — 300,000 km of pipe, a million reinforced containers — lives with the parts themselves, on the applications page.
| Measure | Result | Basis |
|---|---|---|
| Pedestrian head protection | 4★ Euro NCAP | Kia PV5 bonnet in production, where the steel hood could not reach the green zone |
| Part weight vs painted steel | −45% | Li:ma structural parts |
| Process energy vs painted steel | −40-50% | The paint line is removed from the process, not optimised |
| Material system | 100% recyclable | Thermoplastic throughout, no thermoset paint film |
Euro NCAP result from the Kia PV5 bonnet programme; weight, energy and recyclability are the published Li:ma and NEXKIN platform figures. Full test reports available on request.
From a Seoul startup to the forming platform.
The delivered record — commercial and certified — then two stated targets.
2028 and 2030 are targets, not results: dashed rule, open marker.
- 2020
Founded in Seoul
Compositer Inc. is established in November 2020 by materials veterans from LG Hausys and Kolon, on one conviction: large-format mobility exteriors should be formed, not painted.
- 2021
First mass production
EP interior trim lines enter mass production with major Korean manufacturers, and the first Li:ma structural program (a continuous-fiber back beam) launches the Hyundai OEM pipeline.
- 2022
First government validation
The Early-Stage Startup Package (KISED) funds the recycled high-performance composite that becomes Li:ma — the technology and market foundation, validated for the first time outside the building.
- 2023
PV5 paint-free bonnet
The Kia PV5 high-gloss bonnet proves NEXKIN in production: Class-A gloss out of the tool, Euro NCAP 4-star pedestrian rating, ~30% weight cut. No paint shop.
- 2024
Five programs · Didimdol R&D
Kolon Spaceworks battery cover, SECO AIA bumper beam, LX Hausys motion bed, and SK geo centric wheel body cover join the back beam in mass production; Li:ma revenue +134%. The MSS Didimdol R&D programme advances the core glass-fibre resin and process-integration technology.
- 2025
R&D department · acceleration
An in-house R&D department is formally recognised (January 2025), putting proprietary technology and IP development on its own footing. Revenue reaches KRW 2.86 bn (+132.9% year over year), a second straight profitable year with the equity impairment fully resolved.
- 2026
Certified three ways
Venture Company (March), INNO-BIZ grade A (May) and MAIN-BIZ (July) certifications validate technology, innovation and management capability, while the MSS Startup Scale-up Package carries Li:ma into pilot and mass-production readiness.
- 2026Now
Series A · NEXKIN line
A KRW 5 bn Series A funds the NEXKIN mass-production line while eight development programs run with Hyundai Mobis, LG Energy Solution, Lotte Chemical, Hanwha, and more — with TIPS and private investment pursued to accelerate commercialisation.
- 2028Target
NEXKIN volume production
Target: PBV and robot exterior programs ramp to volume production, the leap from parts supplier to mobility exterior platform.
- 2030Vision
The platform company
Vision: the ultra-gap advanced-materials platform company for future mobility, with KRW 36 bn revenue and global OEM programs on three continents.
Validated by the agencies that certify it.
Technology, innovation and management capability, each confirmed by the responsible Korean authority — and the programme track that carried Li:ma from startup package to scale-up.
| Certification / programme | Authority | Term | Status |
|---|---|---|---|
| Venture Company Confirmation (innovation-growth type) | Ministry of SMEs and Startups | 2026.03.18 – 2029.03.17 | Active |
| INNO-BIZ, technology innovation SME · grade A | Ministry of SMEs and Startups | 2026.05.12 – 2029.05.11 | Active |
| MAIN-BIZ, management innovation SME | Ministry of SMEs and Startups | 2026.07.28 – 2029.07.27 | Active |
| Corporate R&D department | Korea Industrial Technology Association | Recognised 2025.01.10 | Active |
| Startup Scale-up Package · Li:ma large-format composite | KISED · Ministry of SMEs and Startups | 2026.04 – 2027.01 | Active |
| Didimdol R&D programme · RS-2024-00417243 | Ministry of SMEs and Startups | 2024.05 – 2025.04 | Completed |
| Early-Stage Startup Package · Li:ma recycled composite | KISED | 2022.05 – 2023.02 | Completed |
| Business registration 659-88-01736 | National Tax Service, Gangseo District | Since 2020.11.27 | Active |
Certificate numbers and scanned originals available on request through the IR desk.
Each platform funds the next.
The engineering story lives on the technology page; the order-ready materials on the products page. Here, only the logic of the ladder.
119+ years of materials science.
The same people who built Korea’s paint-free composite mass-production lines. One owner per domain, five leaders covering material, design, process, mass production and business.
Kang Yong-han
CEO
30+ yrs
LG Hausys, Head of Lightweight Business Team
The OEM network that is both barrier to entry and beachhead.
Lee Dae-il
CTO
24+ yrs
Kolon, Head of Automotive Business Division
Carries development programs through to mass production.
Kim Dong-su
Principal
22+ yrs
LG Hausys, Head of Production Team
Owns process development and mass-production quality.
Park Sang-won
Principal
20+ yrs
LG Hausys, Head of Design Team
Exterior panel design for paint-free Class-A surfaces.
Lee Gil-jun
Principal
23+ yrs
LG Hausys, Head of Development Team
Material and multi-layer sheet development.
Seoul, Republic of Korea.
HQ and pilot line, where material development, forming trials and AI vision QA run under one roof. Programme and partnership enquiries go to the team; the investor deck and traction detail go through IR.
- Company
- Compositer Inc.
- Headquarters
- Seoul, Republic of Korea (HQ and pilot line)
- General enquiries
- contact@limacomposite.com
- Investor relations
- yhkangc@limacomposite.com