Michang Oil Ind

Michang Oil Ind

Michang Oil Ind was established in 1962 in Busan as a manufacturer of automotive and industrial lubricants. Jae-Soon Yoo serves as CEO and holds 46.3 percent of the equity. The firm allocates across buyout, early-stage seed, and expansion strategies. Confirmed holdings include a 30.09 percent stake in Star Motors, a 33 percent joint-venture interest in PT. Sari Michang Concord in Indonesia, and a 99.74 percent position in Yozma Global Fund No. 6. Additional commitments appear in Stella EV Battery Fund No. 1 and K-Ground Medical Fund No. 1, both South Korea-based vehicles. Geographic exposure centers on South Korea and extends to Indonesia and the United States. Michang Oil Ind maintains four production and administrative sites in South Korea. It lists no disclosed headcount. The firm also holds a contemporary-art collection at its Busan headquarters. No operational events from the last 24 months appear in available records. Ownership structure features a single named controlling shareholder alongside an 11.5 percent stake held by ENEOS Holdings, which also supplies technical collaboration since 1986. This hybrid corporate-investor model distinguishes Michang from pure financial vehicles.