Daewon Kangup Co., Ltd.
-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.
Business Results (FY ended Dec. 2016)
|(in KRW millions)|
|Sales||Sales Breakdown by %|
(As of Dec. 31, 2016)
|Major shareholder||Investment Ratio (%)|
|Hong, Min Chul||12.56|
|Hyundai Homeshopping Network Corporation||7.67|
|Keumkang A&D Co., Ltd.||5.53|
Air suspension systems
Engine valve springs
Engine valve cotters
Auto clutch return springs
Tension bar connections
Seats for passenger cars
Seats for buses
|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.|