Daewon Kangup Co., Ltd.

Company Profile

■URL

http://www.dwku.com/

■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 installed technology from NHK Spring Co., Ltd., Suncall Corporation, and Murata Spring.

Shareholders

(As of Dec. 31, 2023)

Major shareholder	Investment Ratio (%)
Hyundai GF Holdings Co. Ltd.	22.70
Hyundai Home Shopping Network Corporation	7.67
Individual shareholder	5.16
Individual shareholder	5.16
Kiswel Holdings Co.,Ltd.	5.00

Access the latest exhibition info.
Click for a free trial!

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
-Automobile seats
-Light weight magnesium seats
-Artificial intelligence seats

For eco-friendly vehicles
-Traction motors
-Rotor assembly
-Stator assembly

View latest major parts supplier agreements.
Click for a free trial!

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.