Photo from https://www.myunghwa.com
  • Company Name : Myunghwa Ind. Co., Ltd.
  • Group : Myunghwa
  • CEO : Moon, Chaesoo / Moon, Seongjun
  • Type of business : Manufacturing the other new automotive parts
  • Business contents : Manufacturing automotive parts(Hub Disk, Water pump, Oil pump, Engine chassis)
  • Form of company : 1000 Fortune company, Middle sized company, External audit corporation, authorized company for exception of military service, export/import company
  • Established dated : 1957. Aug. 13th
  • Number of Employee : 601 (2018)
  • Sales turnover : KRW 562,960,940,000 (2018)
  • Capital : KRW 8,677,950,000 (2018)
  • Business Profit : KRW -9,207,030,000(2018)
  • Representative Tel. +82-2-852-0211
  • Web site : https://www.myunghwa.com
  • Address : 55, Dusan-ro, Geumcheon-gu, Seoul, Republic of Korea

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

Company History
According to the website :

https://www.myunghwa.com/eng/sub01/sub03_2.php (Copy + Paste)

Global Leap Period
2000 ~ Present

2016

  • Received grand prize for global quality management (The Korean Society for Quality Management)

2015

  • Feb. Established a plant in Mexico
  • Dec. Received the Three Hundred Million Dollars Export Award (Ministry of Trade, Industry and Energy)

2014

  • Feb. Received the IR52 Jang Young Sil Award (Ministry of Science, ICT and Future Planning)

2013

  • Obtained OHSAS 18001 certification (Korea Management Association Registration Inc.) 
  • May. Selected as the World Class 300 company (Small and Medium Business Administration)
  • CEO Moon Chae-soo chosen for a Hall of fame for businessmen (Industrial Bank of Korea)

2012

  • Nov. Received the Two Hundred Million Dollars Export Award (Ministry of Knowledge Economy)

2011

  • Dec. Received Gold Tower Order of Industrial Service Merit (Ministry of Employment and Labor)

2010

  • Produced EWP (Electric Water Pump) 
  • May. Established a plant in Beijing, China
  • Produced BSM (Balance Shaft Module)

2007

  • Aug. Established a plant in India
  • Established a branch in the US

2006

  • Feb. Established A-san Plant

2005

  • Nov. Received the One Hundred Million Dollars Export Award (Ministry of Trade, Industry and Energy)
  • Supplied water pumps and oil pumps to Chrysler and Mitsubishi 
  • Jun. Obtain ISO/TS 16949 certification (UL Korea)

2004

  • Jul. Supplied oil pumps to Mercedes-Benz
  • Apr. Signed a license agreement with the French company Saint Jean for COBAPRESS

2000

  • Aug. Established a plant in Wu xi, China

Growth Period
1987 ~ 1999

1999

  • Nov. Obtained ISO 14001 certification (Korea Management Association Registration Inc.)
  • Mar. Obtained QS 9000 certification (Korea Management Association Registration Inc.)

1996

  • Nov. Obtained ISO 9001 certification (Korea Management Association Registration Inc.)

1994

  • Oct. Produced Carrier and Knuckle Assembly
  • Jun. Produced auto transmission parts

1992

  • Jan. Started operationof Aluminum Diecasting

1991

  • Aug. Established a research and development center

1990

  • May. Signed a license agreement with the German company SHW (Schwäbische Hüttenwerke GmbH) for oil pump manufacturing technology

1987

  • Dec. Received a Presidential Award for developing oil pumps with its own technology

Leap Period
1972 ~ 1986

1986

  • Jun. Established a plant in Ulsan
  • Jan. Signed a license agreement with the Japanese company Ohmori Tekkosho for oil pump manufacturing technology

1985

  • Jan. Was designated as a company with best quality oil pumps and water pumps (I.A.A.)

1981

  • Jul. Produced engine oil pumps

1979

  • Sep. Established a plant in Ansan

1974

  • May. Established aheadquarter in Doksan-dong, Seoul

1972

  • Apr. Developed and produced auto parts (engine water pumps / brake parts, etc)

Foundation Period
1957 ~ 1971

1957

  • Aug. Myunghwa Ind. Co., Ltd. established as an industrial pump maker