# Michang Oil Ind

Michang Oil Ind is a Corporate Investor based in Busan, South Korea.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Busan, South Korea
- **Region:** Asia
- **Address:** 241 Haeyang-ro, Yeongdo-gu, Busan, South Korea
- **Founded:** 1962
- **Assets under management:** 384 (Altss estimate)
- **Website:** michang.co.kr
- **LinkedIn:** https://linkedin.com/company/michang-oil-ind-co-ltd

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Industrials
- Manufacturing
- Energy Storage & Batteries

## Offices

- Ulsan, South Korea
- Seoul, South Korea
- Ansan, South Korea

## People

- Jae-Soon Yoo — CEO

## Questions

### Who runs investment decisions at Michang Oil Ind?

Jae-Soon Yoo serves as CEO and major shareholder with 46.3 percent ownership. No separate investment committee or CIO is disclosed in available records.

### Does Michang Oil Ind participate in fund commitments or only direct deals?

The firm holds both direct equity and limited-partner interests. Positions include 99.74 percent ownership of Yozma Global Fund No. 6 and LP stakes in Stella EV Battery Fund No. 1 and K-Ground Medical Fund No. 1.

### What investment stages does Michang Oil Ind typically target?

Available strategy tags list buyout, early-stage seed, startup, and expansion or late-stage opportunities. Confirmed holdings span operating-company buyouts and venture-fund commitments.

### How is Michang Oil Ind related to ENEOS Holdings?

ENEOS Holdings holds an 11.5 percent stake and has served as technical partner since 1986. The relationship supports product development and supply-chain activities.

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- [Kav HaBriut](https://altss.com/profile/kav-habriut)
- [Park Foundation](https://altss.com/profile/park-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/michang-oil-ind

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