Hwasung grows South Carolina footprint with new Florence County operations
October 29, 2026 - COLUMBIA, S.C. — Hwasung Group Inc. (Hwasung), an electrical and electronic components manufacturer, today announced it is growing its South Carolina footprint with a new Florence County operation. The company’s $5 million investment will create 32 new jobs.
Founded in 1994, Hwasung manufactures precision components for elevators, marine ships, industrial robotics and energy infrastructure. The Korean company operates facilities in the United States, Japan, South Korea and Vietnam, including an existing headquarters office in Lexington County.
At its new Florence County manufacturing plant, located at 1611 Otis Way in Florence, Hwasung will produce parts for three major sectors: elevators and escalators, energy and power distribution, and advanced industrial equipment, including industrial automation, robotics, precision machinery and medical equipment.
Phase one operations are expected to be online in January 2027, and phase two operations are expected to be online in the second half of 2027. Individuals interested in joining the Hwasung team should visit the company’s Indeed page.
The Coordinating Council for Economic Development awarded a $50,000 Set-Aside grant to Florence County to assist with the costs of building improvements.
“Florence County welcomed us as neighbors long before we opened our doors. As a family company founded in 1994, Hwasung has spent more than 30 years building precision manufacturing expertise and lasting relationships. With this new plant, we will bring that expertise closer to our customers across North America, and we are excited to welcome the people of Florence to the Hwasung family.”
-Hwasung Group Inc. President and CEO Tony Kim
“We are proud to congratulate Hwasung on its decision to deepen its impact here in the Palmetto State, bringing 32 quality jobs to Florence County. As South Carolina continues to be an international destination for manufacturers, it is no surprise that global companies like this one are expanding in our state.”
-Gov. Henry McMaster
“Hwasung’s new manufacturing facility in Florence County reflects our state’s global reputation as a place where businesses can grow. The company’s continued investment in South Carolina will bring exciting economic opportunities to our people.”
-Secretary of Commerce Harry M. Lightsey III
“SC Ports congratulates Hwasung on its expansion into South Carolina. We are proud to offer the robust port infrastructure and reliable import and export service that manufacturers depend on for growth.”
-SC Ports President and CEO Micah Mallace
“We are proud to welcome Hwasung Group to Florence County. Their $5 million investment and creation of 32 jobs represent a meaningful commitment to our community. Their revitalization of the 58,000 square foot facility on Otis Way sets the stage for continued growth and innovation.”
-Florence County Council Chairman Jerry Yarborough
“We welcome Hwasung to northeastern South Carolina as it establishes operations in Florence County. Hwasung’s further commitment to invest and grow in South Carolina reflects the great relationships we cultivate with industry. We look forward to this new manufacturing operation bringing 32 jobs and further opportunities to our community.”
-NESA Executive Committee Chairman Yancey McGill