Taekwang Industry Co, Ltd. (Hangul: 태광산업) is a South Korean chemical and clothing company headquartered in the Jangchung-dong area of central Seoul. The company, founded by Lee Im Yong in 1950, has developed into a manufacturer of textiles, petrochemicals, wet weather and safety clothing products, and is part of the Taekwang Group. Taekwang Industry had established a foundation in Seoul Sehwa High School. Taekwang produces, among many other things, "Acelan" brand spandex, raincoats, umbrellas, sodium cyanide, and black abaya fabric. It has plants in China as well as Korea. Taekwang Industry had the electronic division known as Taekwang Eroica which is manufacturing phones and audio electronics products especially "Eroica" brands, however, the electronic division was shut down by the shrive