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Industry

Daedong Q2 operating profit 41.2 billion won, up 64 percent year on year

Daedong said on Aug. 10 it posted record second-quarter results. Second-quarter revenue rose 12.7 percent from a year earlier to 467.0 billion won, while operating profit climbed 64.3 percent to 41.2 billion won. The operating margin was 8.8 percent. First-half revenue totalled 844.8 billion won and operating profit was 47.2 billion won. The company cited stronger product competitiveness and distribution channels.

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.