[Press Release] "Giving Back Through Technology, as Much as We've Been Supported" — Technofinechem CEO Park Wan-su
The chemical materials industry is a critical foundation that supports industry as a whole through "invisible technology." In the electronics, pharmaceutical, and energy sectors in particular, precise and reliable chemical materials serve as a decisive variable in setting the pace of technological innovation. In Korea, however, this field still struggles to receive the recognition it deserves, and many small and medium-sized enterprises quietly sustain the industry behind the scenes. We sat down with Park Wan-su, CEO of Technofinechem (TFC), who for more than 20 years has led a technology-driven chemical materials company at the heart of this field, to hear his thoughts on technology, management, and life.
Technofinechem is a specialized chemical materials company handling a diverse range of products, including hybrid foaming agents, ABS+PC flame retardants, electronic material intermediates, HF catalysts, pharmaceutical intermediates, and its CO₂ capture absorbent (KoSol-6). TFC is the affiliate responsible for manufacturing, operating a production plant it established in Eumseong, Chungcheongbuk-do; through these two entities, the group separates and operates its distribution and manufacturing functions. The name "Technofinechem" stands for Technology Development Fine Chemical, embodying both the aspiration to contribute to the advancement of science and technology and the determination to grow into a technology-driven chemical company while upholding the core value of research and development.
The company has long served to supply Korea with chemical products that are difficult for R&D laboratories and similar institutions to handle. Its main products include PE catalysts (HF-based) and materials related to benzofuran, triazole, and bromination reactions, and it handles some 500 products in total, including BDP, MTMS, TCP, TMS, and LiCl. The year 2024 marked a meaningful milestone—the 20th anniversary of Technofinechem's founding and the 10th anniversary of TFC. If the past 20 years were a period of laying the groundwork and building a solid foundation, the company sees the years ahead as the time to achieve rapid growth on that basis. Technofinechem expects that within the next five years it will be able to once again accelerate the growth momentum it has built up over the past two decades.
From 2025, the company plans to begin its overseas market expansion in earnest. Following its participation in a trade exhibition in Turkey in 2024, it plans to hold an exhibition in the continental United States in 2025, where it will unveil its new brand, AxiFOM. A portmanteau of "Axioma" (axiom) and "Form," AxiFOM encompasses the Insol, Midsol, and Outsol injection-molding foaming agents, and its trademark application has already been completed. As Korea enters an era of low growth, and with the recognition that advanced materials are not a choice but a survival strategy, the company aims to earn recognition for its technology-based competitiveness in the foaming agent field through AxiFOM.
CEO Park Wan-su noted that "acquiring the patent rights to the CO₂ capture absorbent 'KoSol-6' from KEPCO in 2024 was a highly meaningful achievement," adding, "Going forward, we intend to use this technology to enter the marine CO₂ absorbent industry and grow into a global technology company." He further emphasized, "Just as our company logo suggests, we hope to become a circular and sustainable enterprise—one whose goal is to repay society and our customers through technology, in return for the support we have received."
Source: Handmaker https://www.handmk.com/news/articleView.html?idxno=29556
