Financial Overview

(in millions of won)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Sales	421,203	228,941	218,522
Operating income	(98,527)	(8,024)	11,565
Net income	(115,979)	(13,006)	8,928

Production

-In January 2013, the Company announced that its Daejeon Plant has produced an accumulated total of 20 million common rail injectors ever since it began making the products in December 2002. The Daejeon facility, which was established in 1995, supplies its diesel engine products to all automakers in Korea. (From a press release, January 24, 2013)

Award

-The Diesel System Business of Robert Bosch announced that it has received the Supplier of the Year 2012 from Hyundai and Kia for its outstanding contribution to developing new diesel engines for the Group. (From a press release, January 11, 2013)

R&D Structure

-In October 2007, the Company held a ceremony to celebrate the completion of the project  to expand its technical center in Yong-in. The enhanced technical center is equipped with cutting-edge testing and application facilities. More than 100 engineers will conduct application studies at the center. In Korea, the Group has more than 3,000 employees, of which around 300 engage in R&D activities. (From a press release on Oct. 19, 2007)

-The Company held a ground-breaking ceremony at the site of its new development facilities at its R&D center in Yong-in, Gyeonggi-do. This construction plan is part of Bosch's 140 billion won project approved by the national government in Apr. 2005. The new buildings will be set up on 6,900 square meters of land the Company had purchased ; they are scheduled to be completed by Nov. 2006. (From a press release on Nov. 11, 2005)

-The Company established a technical research center in Yong-in City in 1996.

Recent Developments

Category	Area of development
Safety technology	-Application engineering for ABSs and ESPs -Project support in the area of safety systems
Environmental technology and technology to improve cost efficiency	-Engine control technology for vehicles powered by diesel engines and gasoline engines. -Drivetrain systems
Testing, application engineering	-Application engineering in the area of gasoline systems, diesel systems, and chassis systems. -Improving the level of reliability of its test results

Technical Alliance

The Company and Chungcheong University announced that they have established an industry-university cooperation intended to cultivate technical specialists at an early stage. Under the agreement, the Company will provide the university with know-how on giving technical trainings to its students. In addition, the Group will invite highly capable students to attend its on-site training programs worldwide. Doors to the Company and its Group companies will be opened for those who gained high marks in the global training courses. The on-the-job training system will contribute to developing diesel specialties. (From a press release on May 9, 2007)

Recent Investments

-In June 2013, the Company announced that it will invest approximately 150 billion won in its gasoline system business by 2014. An expansion project will be carried out at the Daejeon plant to enhance its production line to make high-pressure pumps for gasoline direct injection (GDI) engines. (From a press release, June 4, 2013)

-The Company announced that by the end of 2012, it will invest 60 billion won in its operations in Korea, planning to increase its production lines and other facilities involved in the manufacture of high-pressure fuel pump (the CP4) used in direct-injection diesel engines. In addition, in 2013 it plans to double the amount that it invested in 2012 in Korea. (From a September 25, 2012 press release)

-In February 2012, Robert Bosch GmbH and Daejeon Metropolitan City of Korea signed a memorandum of understanding (MOU) on Robert Bosch’s plan to expand the diesel engine parts factory located in the city. Based on this MOU, the company will add production lines to manufacture common rail high-pressure pumps (CP4) and common rail injectors (CRI and CRI2-20) by 2013. The new production line will have the capacity to produce CP4 pumps for 500,000 vehicles annually. This is the first time for Robert Bosch to produce CP4 pumps outside Europe. (From a press release on February 27, 2012)

-In October 2007, the Company held a ceremony to celebrate the completion of its new headquarters building and technical center in Yong-in. The total investment in this project reached 21.7 billion won. The Bosch Group has spent a total of 370 billion won in Korea since 2000. (From a press release on October 19, 2007)

-The Company has held a ceremony to celebrate the completion of its second plant in Daejeon city on December 6, 2005. As part of Bosch's 140 billion won project in Korea, the Company has built a three-story facility on 12,510 square meters of land to manufacture major auto parts such as diesel engines, fuel injectors for diesel engines, and high-pressure fuel pumps. Number of employees at the plant, which now totals 560, will be increased to 700 by 2007. The Company started making common rail injectors in Dec 2002 ; it manufactured 1.5 million units in 2004, and aims at 2.2 million units in 2005. (From a press release on December 6, 2005)

-The Bosch Group announced that it plans to invest more than 100 million euros in its Korean operations by 2010. Investment focus will be on the Daejeon plant, which is manufacturing fuel injection injectors and high-pressure fuel pumps for common rail systems. This project will enhance the company's capacity to make these core diesel engine parts, prior to the introduction of European emission standards in Korea. The group will also continue investing in R&D sectors, focusing on the technical development center in Yong-in and facilities for auto parts development activities. (From a press release on November 28, 2005)