Corporate History

Before 2000

  • 1986. 09. 01YOUNG POONG MECHANICAL was established (Gamjeong-dong, Buk-gu, Busan).
  • 1988. 05. 10Registered as a partner of HYUNDAI MOTOR
  • 1990. 11. 16Designated as a promising SME (Korea Technology Credit Guarantee Fund)
  • 1991. 01. 19Registered as a partner of HYUNDAI MOBIS
  • 1993. 01. 01Designated as a special-forces manufacturer by Gyeongsangnam-do Military Manpower Administration
  • 1995. 05. 06Constructed new plant in Mohwa-ri, Oedong-eup, Gyeongju-si
  • 1997. 03. 01New CEO was appointed (Bu-pyeong Cho) - Paid-in capital increase of KRW 600 Mil. (paid-in capital: KRW 150 Mil.)
  • 1999. 11. 22Acquired QS 9000/ISO 9002 certification (SME Certification Center)

After 2000

  • 2000. 09. 18Granted the permission to build R&D center (Korea Industrial Technology Association)
  • 2001. 02. 07Designated as a promising small and medium export business (SME Export Support Center)
  • 2001. 05. 01Citation of Minister of Labor for excellent labor-management relation
  • 2001. 06. 14Paid-in capital increase by KRW 200 Mil. (paid-in capital: KRW 1.7 Bil.)
  • 2001. 07. 01Department of Environmental Affairs was established.
  • 2002. 03. 20Citation of Minister of Commerce Industry and Energy on Commerce and Industry Day
  • 2003. 04. 02Registered as a venture company (Daegu-Gyeongbuk SMBA)
  • 2003. 09. 23Paid-in capital increase by KRW 700 Mil. (paid-in capital: KRW 2.4 Bil.)
  • 2005. 10. 10Evaluation by HYUNDAI MOTOR 4.5 star for quality, 4.5 star for delivery and 3.0 star for technology (out of 5 stars)
  • 2005. 12. 13Paid-in capital increase by KRW 600 Mil. (paid-in capital: KRW 3.0 Bil.)
  • 2005. 12. 21Acquired ISO/TS 16949 certification (DQS)
  • 2006. 12. 26Acquired ISO 14001:2004 certification (Korea Management Association)
  • 2007. 01. 02Acquired ISO/TS 16949:2002 certification (Korea Management Association)
  • 2008. 01. 01New CEOs were appointed (In-ho Cho and Bu-pyeong Cho)
  • 2010. 03. 15Innobiz certification (SMBA)
  • 2015. 03. 09New CEOs were appointed (Hong-gi Kang and Eun-yong Cho)
  • 2015. 04. 01Became SECO’s affiliate

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