Daewon Kangup Co., Ltd.

Company Profile




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.


(As of Dec. 31, 2022)

Major shareholder Investment Ratio (%)
Hyundai Green Food 21.66
Hyundai Homeshopping Network Corporation 7.67
Hyundai Shopping 2.40
Others 68.27
Total 100.00


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

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

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


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