Hyundai Kefico Corporation Business Report FY ended Dec. 2014

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 Rate of
change (%)
Sales 1,741,519 1,666,971 4.5
Operating income 103,924 140,414 (26.0)
Net income 81,571 98,431 (17.1)


-In April 2014, the Company announced that it is mass producing electronic control units (ECUs) and battery management systems for the Soul EV, Kia Motors' new vehicle released in April 2014. (From a press release on April 4, 2014)

Certification / Award

-In January 2014, the Company won five stars in the Hyundai Motor Group's technical rating. This rating system is intended to encourage its suppliers' improvement efforts to become more competitive in the international market. (From a press release on January 27, 2014)

R&D Structure

1992 KETI
(KEFICO Engineering Technology Institute)
1996 Application Center
2005 Reliability Center
2010 R&D Center (Electronic control system)

Recent Developments

-The Company began mass-production of differential pressure sensors, fuel rails for LPI vehicles, and intake manifold modules for U2 diesel engines.
-The Company developed and started mass-production of VCM motors for Theta 2 engines.

Technical alliances

-The Company licenses in manufacturing technology from Mitsubishi Electric Corporation (Japan), Nidec Tosok Corporation (Japan), and Robert Bosch GmbH (Germany).