Unick Corporation Business Report FY ended Dec. 2016

Highlights in recent years

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 Rate of
change (%)
Sales 254,677 230,879 9.3 -
Operating income 8,857 6,071 31.5 -
Net income 7,854 7,155 8.9 -

R&D Structure

-In 1987, the Company established a technical center within the premises of its Gimhae Plant.
-As of December 31, 2016, a total of 77 engineers engage in R&D activities at the technical center.

R&D Expenditure

(in millions of won)
FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Amount 9,845 8,780 8,251
% of Sales 4.1 4.1 3.9

R&D Activities

-The Company is now working on development of solenoid valves for 10-speed automatic transmissions.

-The Company has been developing high-performance hydraulic control systems for dual clutch transmissions since August 2012. The project was originally planned to take 60 months through July 2017. The development period, however, has been shortened to 48 months and will end in July 2016. Meanwhile, the budget for the project will be reduced to KRW 5,366 million from the originally projected KRW 6,400 million. The development project was selected as one of the World Class 300 Projects sponsored by the Korean Ministry of Knowledge Economy, and 50 percent of the total development cost will be provided by the government. (From a press release on October 2, 2014)

-In August 2012, the Company announced that it will develop a high-performance hydraulic control system for dual-clutch transmissions. The company is going to invest 64 million won in the project, which will start in August 2012 and is scheduled to be completed by July 2017. As it was chosen by the Korean Ministry of Knowledge Economy for the "World-class 300 Project", 50 percent of the development cost will be funded by the government. (From a press release, August 24, 2012)

-In April 2012, the Company was selected by the Korean Ministry of Knowledge and Economy as one of the companies for the World Class 300 Project. This Project, which will run until 2020, recognizes leading companies in the world that have potential for extraordinary future growth. The Project also heavily concentrates in investing in these companies. Going forward, 12 organizations such as KOTRA, the Export-Import Bank of Korea、Korea Technology Credit Guarantee Fund、the Small & Medium Business Corporation、and KIPO (Korean Intellectual Property Office) will give support for five years in the areas of R&D, HR and market development, financial aid, and consulting. (From an April 30, 2012 press release)

-In April 2012, the Company developed oil pump control valves (OPCVs).

-In March 2010, the Company was awarded a patent for its automatic time correction system used in clocks installed in cars. The company plans to export clocks incorporating this new patented technology to Chrysler. (From a press release on March 11, 2010)

-In March 2009, the Company developed EGR bypass valves for low emission.

-In January 2009, the Company developed solenoid valves for 8-speed automatic transmissions.

Technical Partnerships

Area of alliance
Feb. 1991 Tosok
*Currently Nidec Tosok
Hydraulic solenoid valve for automotive transmissions
Aug. 1991 Jeco
3-meters for the Jeep
Nov. 1996 Siemens
Electronic distribution system for the Hyundai "Atos" (MX)
Sep. 1997 Jeco
Automotive multi meters
Apr. 2007 Nidec Tosok
Small solenoid valves
Jun. 2008 Nidec Tosok
6-speed solenoid valves