SNT Motiv

SNT Motiv Co., Ltd

Type	Public
Traded as	KRX: 064960
Industry	Automotive industry Arms industry
Founded	1981; 40 years ago (1981)
Headquarters	Busan, South Korea
Key people	Tae-kwon Kim (CEO)
Products	Auto parts, firearms
Revenue	US$1.03 billion (2015)[1]
Operating income	US$105.2 million (2015)[1]
Net income	US$73.2 million (2015)[1]
Total assets	US$1.02 billion (2015)[1]
Total equity	US$0.66 billion (2015)[1]
Number of employees	938 (March 31, 2014)
Parent	SNT Holdings Co Ltd
Website	SNT Motiv

SNT Motiv Co., Ltd (formerly S&T Motiv and previously Daewoo Precision Industries/S&T Daewoo) is a South Korean firearms and auto parts manufacturer founded in 1981. Its firearms equip most frontline units of the Republic of Korea Armed Forces.

History[]

Daewoo Precision Industries Co., Ltd was established in December 1981 as a wholly owned subsidiary of Daewoo to manufacture small arms, and upright/grand pianos under the Sojin and Daewoo brands.

The Sojin musical instrument factory of Yeoju, Korea, had been purchased by Daewoo in 1977. Sojin produced guitars, and commenced manufacture of upright pianos in 1976. Between 1980 and 1991, Daewoo exported pianos under the following names; Sojin, Royale, Daytron, Daewoo, Schafer & Sons, Sherman Clay (until 1987), and Cline, in addition to private labels.^[2]

In 1986, the company diversified into auto parts manufacture, followed by digital pianos in 1989. In 1990, the company produced 13,452 upright, 2,364 grand, and 2,120 digital pianos.^[2]

In 1991, Daewoo purchased a 33% share of the German piano maker Ibach, sold its Sojin manufacturing equipment to a Chinese firm, and replaced the equipment with Ibach machinery. Pianos were produced to a higher standard, using components such as Renner actions and Delignit wrestplanks.^[2] Also in 1991, Dongbei Piano Factory in Yingkou City, China, formed an agreement with Daewoo to help produce upright pianos (its sole product), using high-quality local wood in Liaoning province, northeastern China. This arrangement was extended in 1996 to include grand piano production.^[3]

In December 1992, the company was listed on the Korean stock exchange.

In 1997, Daewoo ceased production of pianos, with Dongbei Piano Factory buying most of Daewoo’s equipment and designs. Some of Daewoo’s designers and technicians moved to work for Dongbei.^[3]

Following the collapse of Daewoo, the company was spun off in February 2002 and relisted on the Korean stockmarket in March 2002. The majority of its shares were purchased by S&T Holdings in June 2006 and it was renamed S&T Daewoo Co., Ltd in September 2006. In March 2012 the company was renamed S&T Motiv Co., Ltd.^[4][5]

In DX Korea 2018, the company announced development of a 9mm revolver based on requirements for Korean law enforcement agencies, and an AR-10-type rifle for a potential Korean military contract.^[6]

In February 2021, S&T Motiv changed its name to SNT Motiv.^[7]

Firearms[]

K2 rifle at the War Memorial of Korea

K3 machine gun at the War Memorial of Korea

K7 SMG at Defense Asia 2006

Licensed production[]

• M1911 semi-automatic pistol (.45 ACP)
• M16A1 assault rifle (5.56×45mm NATO)^[8]
• M60D general-purpose machine gun (7.62×51mm NATO)
• M203 under-barrel grenade launcher, as the K201, with minor improvements (40×46mm)^[9]

Own designs[]

• USAS-12 automatic combat shotgun (12-gauge)
• K1 assault carbine/submachine gun (.223 Remington)
• K2 assault rifle (5.56×45mm NATO)^[10]
• K3 light machine gun (5.56×45mm NATO)
• K4 automatic grenade launcher (40×53mm)
• K5 semi-automatic pistol (9×19mm Parabellum)^[11]
• K7 suppressed submachine gun (9×19mm Parabellum)
• XK8 prototype bullpup assault rifle (5.56×45mm NATO)
• XK9 prototype submachine gun (9×19mm Parabellum)
• XK10 prototype submachine gun (9×19mm Parabellum)
• K11 assault rifle/grenade launcher multi-weapon (5.56×45mm NATO & 20×30mm)
• K12 general-purpose machine gun (7.62×51mm NATO)
• K14 sniper rifle (7.62×51mm NATO)
• light machine gun (5.56×45mm NATO)

References[]

External links[]

• S&T Motiv Homepage