FEOC
All Manufacturers

Hyosung Heavy Industries

Clean
🇰🇷 South KoreaSeoul, South KoreaTransformers & GridPublic (KRX: 298040)

Last verified: 2026-04-01

Risk Summary
Country RiskLowHQ in South Korea (allied nation)
Entity List ExposureLowNot on any lists
Ownership RiskLowPublic (KRX: 298040)
Domestic AlternativeLow13 allied/US options available

Entity List Screening

ListAgencyStatusYear
BIS Entity ListBureau of Industry and SecurityNot Listed2026
OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026
DOD Section 1260HDepartment of DefenseNot Listed2026
UFLPA Entity ListCustoms and Border ProtectionNot Listed2026
SEC DisclosuresSecurities and Exchange CommissionNot Listed2026
IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

Hyosung Group (Cho family, South Korean conglomerate)
🇰🇷 South KoreaIndividual / Shareholder
Hyosung Heavy Industries
🇰🇷 South KoreaManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

South Korean-headquartered. South Korea is an allied nation. No FEOC ownership concerns.

Key Factors

  • Headquartered in South Korea, an allied nation
  • Ownership: Public (KRX: 298040)
  • Has confirmed US domestic manufacturing operations
  • Not listed on any federal entity lists
  • South Korean power equipment manufacturer with US transformer production.

Products & Equipment

Power transformersCircuit breakersSwitchgearSTATCOM systems

Domestic manufacturing confirmed

Transformer manufacturing facility in Memphis, Tennessee.

Other Manufacturers in Transformers & Grid

All manufacturers in this product category

Hitachi EnergyClean
🌍 Japan / SwitzerlandUS Mfg
TBEA Co., Ltd.Flagged
🇨🇳 China
Wartsila Energy StorageClean
🌍 FinlandUS Mfg
Siemens Energy (Transformers)Clean
🇩🇪 GermanyUS Mfg
ABB LtdClean
🇨🇭 SwitzerlandUS Mfg
Eaton CorporationClean
🌍 United States / IrelandUS Mfg
Schneider ElectricClean
🇫🇷 FranceUS Mfg
WEG S.A.Under Review
🌍 BrazilUS Mfg

Data Sources

  • Company disclosures
  • BIS Consolidated Screening List

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.