- Kiturami Holdings Reaches Record-Breaking Sales for Four Consecutive Years 

Kiturami Holdings Co., Ltd. (Chairman Choi Jin-min) announced that it recorded sales of KRW 1.24 trillion approximately and operating profits of KRW 40.2 billion on a consolidated basis in 2023, reaching its all-time record-breaking sales for four consecutive years.

Since converting to a holding company structure in November 2019, the company has continued to attain record-high performance results in 2020, 2021, and 2022. Against the headwinds of local and global economic downturns, overall sales in 2023 have grown by 3% and operating profits by 14% year on year.

Last year's positive performance was largely attributed to the simultaneous growth of the heating and cooling business lines of key affiliates under Kiturami Group, such as Kiturami, Kiturami Bumyang Air Conditioning, Shinsung Engineering, Century, and Kiturami Energy.

A Kiturami Holdings official said, “With our technological competitiveness at the forefront of each business field, the entire group continues to grow evenly and is well on track to achieve the 2030 sales target of KRW 3 trillion,” and he added, “We will do our best to advance into overseas markets by kickstarting the synergy of the core assets of heating, cooling, air conditioning, and energy technologies within the group.”

Meanwhile, since recording sales of KRW 300 billion in 2001 through its boiler business, Kiturami has expanded the scope of its business areas to include cooling, air conditioning, and energy to completely transform itself beyond a boiler specialist company into an integrated heating and cooling energy group. Last year, Kiturami Group's affiliates recorded total sales of KRW 1.66 trillion with operating profits of KRW 110 billion. End.