Daewon Kangup Co., Ltd.
Company Profile
■URL
■Address
114-41, Osong 1-gil, Seonggeo-Eup, Seobuk-Gu, Cheonan-si, Chungnam, Korea
Business Overview
-The Company is a manufacturer of automotive springs and seats.
-The Company has gained the top share in Korea of hot formed springs for automotive use.
-The Company installed technology from NHK Spring Co., Ltd., Suncall Corporation, and Murata Spring.
Shareholders
(As of Dec. 31, 2021)
| Major shareholder | Investment Ratio (%) |
| Hur, Chai Chul | 9.38 |
| Hyundai Homeshopping Network Corporation | 7.67 |
| Hyundai Green Food | 5.53 |
| Hong, Min Chul | 5.16 |
| Kiswel Ltd. | 5.00 |
| Total | 33.58 |
Products
Suspension Springs
-Coil springs
-Stabilizer springs
-Leaf springs
Precision Springs
-Engine valve springs
-Auto clutch return springs
-Curved springs
-Rebound springs
-Precision wire springs
-Flat springs
-Die springs
-Disc springs
Seat
History
| Sep. 1946 | The Company was incorporated. |
| Jan. 1961 | The Company changed the company name to Daewon Kangup Co., Ltd. |
| Sep. 1966 | The Company developed car seats. |
| Aug. 1967 | The Company established Daewon Cast Steel Co.,Ltd. |
| Jun. 1977 | The Company went public. |
| May. 1979 | Changwon Plant started operations. |
| Oct. 1983 | The Company established Daewon Precision Ind. Co., Ltd. |
| Feb. 1985 | Juan Plant started operations. |
| Nov. 1986 | The Company established Daewon R&D Center. |
| May. 1992 | The Company established Daewon Chong Up Corp. |
| Jul. 1992 | The Company established Dae Kyeong Special Steel Co., Ltd. jointly with Posco. |
| Jun. 1994 | Second plant in Changwon started operations. |
| Jul. 1996 | Cheonan Plant started operations. |
| Jul. 1997 | The Company established D&D Springs Poland jointly with DMP of Poland. |
| Dec. 1997 | Seonghwang Plant started operations. |
| Mar. 2003 | The Company established Contitech Daewon Airspring Systems Co., Ltd. jointly with ContiTech of Germany. |
| Jan. 2005 | The Company established Seyun Steel Co., Ltd. |
| Mar. 2005 | The Company established Beijing Daewon Asia Automobile Science & Technology Co., Ltd. |
| Nov. 2006 | The Company established Daewon America, Inc. |
| Dec. 2007 | The Company established Daewon India Autoparts Private Limited in India. |
| May 2008 | The Company established Daewon Severstal Auto Elabuga in Russia. |
| Jan. 2009 | The Company received Hyundai-Kia's Excellent Supplier Award for FY2008. |
| Mar. 2010 | The Company received GM's Excellent Supplier Award for four consecutive years (2006-2009). |
| Apr. 2012 | The Company established Jiangsu Daewon Asia Auto Spring Co., Ltd. in Jiangsu Province, China. |
| Oct. 2013 | The Company established Daewon-Avtovaz Agregat Seats LLC in Russia, JV with Avtovaz. |
| Sep. 2014 | The Company turned Daewon-Avtovaz Agregat Seats LLC in Russia into its wholly owned subsidiary. |
| Dec. 2014 | Daewon-Avtovaz Agregat Seats LLC in Russia adopted a new company name, Daewon Spring & Seat LLC. |
| Dec. 2014 | DaeWon Sollers LLC in Russia was liquidated. |
| Oct. 2015 | Established Daewon Mexico S. de R.L. de C.V. in Mexico. |
| Mar. 2016 | Relocated Changwon Plant No. 2 to Haman. |
| Apr. 2021 | Sold 70% shares of Beijing Daewon Asia Automobile Science & Technology Co., Ltd. and Jiangsu Daewon Asia Automobile Spring Co., Ltd. |
Supplemental Information 1
>>>Business Report up until FY2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2020
Note: A figure in brackets ( ) indicates a loss