Pungguk Ethanol Co., Ltd. engages in the production of alcohol. It operates through the following business divisions: Spirits, Industrial Gas, and Hydrogen Gas. The Spirits division focuses on the production of ethyl alcohol. The Industrial Gas division supplies carbon dioxide, oxygen, nitrogen, and argon. The Hydrogen Gas division produces hydrogen and acetylene. The company was founded on February 17, 1954 and is headquartered in Daegu, South Korea.