Youngshin Precision Co. Ltd.

Company Name : Youngshin Precision Co. Ltd.
CEO : Park, Jongseung
Type of business : Manufacture of the other new automotive parts
Business contents : Manufacturing automotive parts (power steering oil pump, valve lifter, counter balance shaft), whole sales, design, development
Form of company : Middle-sized company, 1000 Fortune company, External audit company, exporting/importing company
Established dated : 1987. Feb. 28th
Number of Employee : 395(2017)
Sales turnover : KRW 152,674,110,000 (2017)
Capital : KRW 1,910,000,000 (2017)
Business Profit : KRW – 40,730,000 (2017)
Representative Tel. +82-54-745-4491
Web site :http://www.ys-kr.com
Address : 156, Moaoya-gil, Cheonbuk-myeon, Gyeongju-si, Gyeongsangbuk-do, Republic of Korea

Information from : http://www.saramin.co.kr

Company History
According to the website : http://www.ys-kr.com/eng/pages/102.php

1987

Feb. Foundation of Youngshin Precision Co., Ltd.
Jun. Contracting technology introduction with Hitachi Unisia Automotive, Ltd. Of Japan

1988

May. Started to produce Power Steering Oil Pump

1989

Sep. Started to produce Balance Shaft

1991

Jan. Foundation of technology R&D Center for Youngshin Precision Co., Ltd.

1992

Apr. Started to produce HLA BUCKET

1994

Jun. Started to produce HLA INSERT

1995

Jan. Started to produce HLA PIVOT
Jun. Selected for Hyundai Motor company’s 100ppm suppliers in 1995
Aug. Elected for 100 quality management company from Industry Promotion Agency in 1994 and 1995 ( 2 year in a row )

1999

Feb. Contracting technology introduction with ZF of Germany
Aug. Acquisition of the certification in ISO 9001/QS 9000 from Korea Foundation of Quality

2000

Feb. Development and mass production of Mechanical Tappet

2003

Feb. Acquisition of the certification in ISO/TS 16949 from Korea foundation for Quality

2005

May. Established Gyeongju Hwasan factory
Oct. Established overseas factory “Beijing Youngshin Faco Precision Co., Ltd.”

2006

Jun. Awarded “GM global Delta & Epsilon Power Steering Oil Pump project” by General Motors
Sep. Development and mass production of Quill Shaft Assembly and Worm Shaft for MDPS

2007

Mar. Achieved ISO 14001
Jul. Development and mass production of C-EPS Parts
Aug. Established overseas factory “Suzhou Youngshin Precision Co., Ltd” in Suzhou, China

2009

Dec. Established overseas factory “Youngshin Automotive India PVT., Ltd.” in Chennai, India

2011

Nov. R&D Center moved to new building site with expansion

2012

Apr. Development and mass production of Commercial Vehicle Steering Pump
May. Development and mass production of EVP(Electronic Vaccum Pump)

2013

Feb. Development and mass production of R-EPS Parts

2014

Mar. Contracted for the supply of MVP (Mechanical Vaccum Pump) & CVT Oil Pump for Car Makers

2015

Jun. Completion of R&D Center Office Building

2016

Mar. Awarded “Electro-Hydraulic Actuator program” for Active Transfer Case system by Hyundai Motor
Oct. Awarded “Engine Oil Pump Program” by Hyundai Motor