Hyundai Kefico Corporation Business Report FY ended Dec. 2015

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 Rate of
change (%)
Sales 1,805,984 1,741,519 3.7%
Operating income 145,742 103,924 40.2%
Net income 24,298 81,571 (70.2%)

R&D Structure

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

Recent Developments

FY ended Dec. 31, 2015
-The Company developed and began mass-producing standard-type engine control units, high-pressure fuel injection systems, high-pressure pumps, high-pressure sensors, and automatic transmission control units.

Technical alliances

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