Forworld Korea Co., Ltd.

Korean Automotive Emissions Reduction Additive Manufacturer

Company Overview

Company Name: Forworld Korea Co., Ltd.
CEO: Seong-nyeon Kim
Type of Business: Other New Automobile Parts Manufacturing Industry
Business Activities:

  • Manufacturing and bottling of automotive emissions reduction additives

  • Sales of automotive-specific new parts

  • E-commerce retail

Form of Company: Small and Medium-sized Enterprise (SME)
Established: July 12, 2016
Employees: 3 (as of 2024)
Capital: KRW 3,000,000
Address: Room 215, 341 Sandan-ro, Danwon-gu, Ansan-si, Gyeonggi-do, Republic of Korea
Tel/Fax: +82-31-495-9474 / +82-31-495-9475


Business Background

Forworld Korea traces its origins to a small private research lab established in September 2013, where the company began exploring methods to reduce automotive exhaust emissions.
After several years of trial-and-error development, the company reports having developed a patented material, which later became the basis for its flagship multifunctional coolant additive product marketed under the NOXZERO brand.

The company positions its products within the context of growing global attention to air quality improvement and environmentally oriented automotive technologies. In Korea, this trend has been reinforced by government-led initiatives such as the Green New Deal, which aim to promote eco-friendly industrial products and technologies.

Forworld Korea states that it intends to expand the application of its proprietary technology into additional industrial fields, focusing on environmentally efficient and cost-effective solutions.


Financial Snapshot

Year Sales Revenue (KRW) Operating Profit (KRW) Net Income (KRW)
2021 148,350,000 16,950,000 7,910,000
2022 27,110,000 590,000 9,750,000
2023 15,270,000 520,000 -28,210,000
2024 1,560,000 500,000 -6,060,000

Source: Public corporate information (as of 2024)


Key Products and Technology

Forworld Korea’s primary product line consists of multifunctional automotive coolant additives, designed to be used in water-cooled internal combustion engines.

According to the company, its technology incorporates nano-scale colloidal materials and catalyst-based processes intended to enhance thermal conductivity, improve combustion efficiency, and reduce exhaust emissions such as nitrogen oxides (NOx).

The company holds a registered Korean patent related to its manufacturing process:

  • Korean Patent No. 10-1915766
    Manufacturing method and composition for automotive coolant additives

Additional documentation disclosed by the company includes MSDS certification and internal performance testing conducted through extended vehicle operation trials.


Corporate History

2020

  • Launched four-season multifunctional premium coolant product

2019

  • Signed exclusive supply agreement with a Chinese distributor (BAISFU)

  • Expanded production facilities at Juan Knowledge Industrial Center

2018

  • Contracted approximately 60 domestic distribution outlets in Gyeonggi Province

  • Passed Technology Guarantee Fund (KOTEC) evaluation

  • Obtained Korean patent (No. 10-1915766)

  • Exported product samples to Xi’an, China

  • Acquired MSDS certification

2016

  • Filed patent application

  • Established factory and incorporated Forworld Korea Co., Ltd.

  • Completed real-vehicle testing on approximately 400 vehicles

2014

  • Began real-vehicle testing programs (approx. 400 vehicles)


Market Positioning

Forworld Korea operates as a technology-oriented SME with a narrow product focus centered on emissions reduction additives and coolant-related applications.
Its business model combines in-house product development with domestic retail distribution and limited overseas supply arrangements, primarily in China.

At present, publicly available information indicates that the company maintains a small operational scale, with activities concentrated on product development, domestic sales, and exploratory export efforts rather than large-scale OEM supply.


This manufacturer profile is based on publicly available corporate disclosures and company-provided information.
KoreaPartsInfo.com does not independently verify product performance claims or commercial effectiveness.

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