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AI & Enterprise

Daedong posts 377.7 billion won in Q1 sales, speeds shift to AI farming operations platform

Daedong said it posted consolidated first-quarter sales of 377.7 billion won and operating profit of 6.0 billion won. Sales fell 2.4 percent from a year earlier and operating profit also declined, citing a global farm machinery slowdown, U.S. tariff burdens and increased investment in AI and robotics. The company said it is accelerating a shift to an AI farming operations platform linking AI tractors, agricultural robots, precision agriculture and smart farming.

Industry

Daedong sets 2030 revenue target of 35.9 trillion won, shifts business model

Daedong Group’s three listed companies, Daedong, Daedong Gear and Daedong Metal, disclosed a value-up plan aimed at reaching combined revenue in the 5 trillion won range by 2030, based on a shift to agricultural physical AI. Daedong plans to move from one-off equipment sales to AI-driven recurring revenue and to pursue subscription-type AI agriculture services. The group also plans to expand dealer networks, set financial targets, enter new businesses and gradually raise payout ratios to about 20 percent by 2030.

Industry

Daedong CEO Won Yu-hyeon secures third term, vows to prove results in future businesses

Daedong reappointed Chief Executive Won Yu-hyeon (원유현) as an inside director, confirming a third term and maintaining leadership continuity to accelerate its agriculture AI and robot businesses. The company approved the reappointment at its 79th annual general meeting on March 26. His term runs from March 2026 to March 2029. Daedong said it will focus on strengthening five key businesses and expanding domestic and overseas deployment of AI-based autonomous equipment, robots and precision agriculture.