Facility

Seongrim Advanced Industry Daegu Magnet Plant

Seongrim Advanced Industry's NdFeB rare earth permanent magnet plant at Daegu Technopolis (Hyeonpung, Dalseong-gun). Investment agreement with Daegu Metropolitan City signed October 2021 (38 billion won); MOTIE announced in October 2023 that the completed plant began Korea's first domestic production of rare earth permanent magnets for EV drive motors, at roughly 1,000 tonnes per year (about 500,000 EVs' worth).

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Location: Daegu Technopolis, Hyeonpung, Dalseong-gun, Daegu, South Korea

Magnets

NdFeB permanent magnet production

Operating

Neodymium-based (NdFeB) rare earth permanent magnet manufacturing for electric vehicle drive motors, including heat-resistant grades

Material flow

NdFeB Alloy → Sintered NdFeB Magnet

Capacity

1,000 t/year · Product mass · Nameplate · as of Oct 27, 2023

Qualification

No qualification claim. Status does not imply qualified output.

Sources

Ministry of Trade, Industry and Energy via Korea Policy Briefing (korea.kr) · published Oct 27, 2023 · retrieved Aug 11, 2026 · archive unavailable: No Wayback snapshot found via redirect and follow probes on the 2026-08-12 backfill pass; capture remains queued
Daegu Metropolitan City · published Oct 21, 2021 · retrieved Aug 11, 2026 · archive unavailable: No Wayback snapshot found via redirect and follow probes on the 2026-08-12 backfill pass; capture remains queued
ZDNet Korea · published Oct 27, 2023 · retrieved Aug 11, 2026 · archive