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Group History

Home Company Profile Group History
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  • 2000~Present
    • 2015 09 Pyung Hwa Eng Co., Ltd. acquired and merged with MDT Co., Ltd.
    • 2015 03 Announced New Management
    • 2014 12 Established Pyung Hwa Research Institute Pyung Hwa Research Institute Co., Ltd.
    • 2014 05 Pyung Hwa Industrial Co., Ltd. merged Fabco Co., Ltd
    • 2012 12 Achieved 1 trillion KRW in revenue.
    • 2012 11 Established Pyung Hwa NOK Drive Train Co., Ltd.
    • 평화그룹 매출 1조원 달성
    • 2008 05 Spin-off (Spin-off: Fabco Co., Ltd., Original: Pyung Hwa Industrial Co., Ltd.)
    • 2006 05 Spin-off (Original: Pyung Hwa Holdings Co., Ltd., Spin-off: Pyung Hwa Industrial Co., Ltd.)
    • 2006 02 Established a local overseas corporation in India, Pyung Hwa India Private Co., Ltd. (PHI)
    • 2006년 평화Track 장학금 수여식
    • 2005 09 Established a local overseas corporation in China, Tianjin Pyung Hwa Elastech Co., Ltd. (TPHE)
    • 2005 05 Pyung Hwa Eng Co., Ltd. established an In-house R&D Center.
    • 2004 10 Spin-off (Pyung Hwa Ki Gong Co., Ltd. and Pyung Hwa Eng Co., Ltd.)
    • 2004 10 Established Pyung Hwa Eng Co., Ltd.
    • 2004 09 Renamed: Serapis Co., Ltd. to MDT Co., Ltd.
    • 2004 07 Established Serapis Co., Ltd.
    • PHG 사랑회 발대식 사진
    • 2003 11 Sold shares of Daegyung Wester Co., Ltd.
    • 2003 05 Completed the R&D Center Pyung Hwa Oil Seal Co., Ltd.
    • 2003 04 Established a local overseas corporation in China. Pyung Hwa Industrial Co., Ltd.
    • 2003 02 Established a local overseas corporation in China. Pyung Hwa Industrial Co., Ltd.
    • 2002 12 Achieved 100 billion KRW in revenue.
    • 2002 10 Completed the New Technology Center Pyung Hwa Industrial Co., Ltd.
    • 2002 09 Agreed to sell shares of Gates Korea Co., Ltd.
    • 2002 06 Sold shares of Daegyung Hwasung
    • 2001 07 Acquired Daegyung Hwasung
  • 1990~1999
    1990년대
    • 1998 11 Signed a technical and joint investment agreement with NOK-Megulastik, Japan and Freudenberg Dichtungs und Schwinggungstechnik, Germany
    • 1998 10 Signed agreement on the academia-industrial joint study and technical development with Kyungpook National University Pyung Hwa Oil Seal Co., Ltd.
    • 1998년 임원과 직원간의 공장에서의 대화 모습
    • 1997 03 The woven house manufacturer. Established Pyung Hwa Wester
    • 1996 11 Designated as a special case company on military service in the chemical sector Pyung Hwa CMB Co., Ltd.
    • 1995 08 Founded the Kunhwa Foundation
    • 1995 04 Signed a technical agreement with Metzeler Gimetall AG, Germany
    • 1995 04 Renamed Pyung Hwa Co., Ltd. to Pyung Hwa to Pyung Hwa CMB Co., Ltd.
    • 1995 03 Founded the company employee welfare fund Pyung Hwa Ki Gong Co., Ltd.
    • 1995년 임원진의 공장방문 모습
    • 1994 11 Established an in-house technology center Pyung Hwa Oil Seal Industrial Co., Ltd.
    • 1993 10 Signed a new technology introduction agreement with JSR Elastomix Co., Ltd., Japan Pyung Hwa CMB Co., Ltd.
    • 1993 07 Established Pyung Hwa CMB Co., Ltd. (Pyung Hwa Co., Ltd. at the time of establishment)
    • 1992 12 Founded the company employee welfare fund Pyung Hwa Oil Seal Industrial Co., Ltd.
    • 1992 11 Signed a technical agreement with Tokai Rubber Industry. Co., Ltd., Japan Pyung Hwa Industrial Co., Ltd.
    • 1992년 사내워크샵 모습
    • 1991 09 Acquired and merged Korea E.P.I. Co., Ltd. (current Gumi Plant, Pyung Hwa Oil Seal Industrial Co., Ltd.)
    • 1990 12 Completed Plant 2 Pyung Hwa Oil Seal Industrial Co., Ltd.
  • 1980~1989
    1980's
    • 1989년
    • 1987 11 Relocated to Nongong Plant (Dalseong Industrial Park)
    • 1987 05 Relocated to Nongong Plant (Dalseong Industrial Park)
    • 1987년
    • 1986 03 Technical agreement with Deito Rubber Production Co., Ltd., Japan
    • 1986 03 IPO Pyung Hwa Industrial Co., Ltd.
    • 1985 09 Established Pyung Hwa Ki Gong Co., Ltd.
    • 1982 01 Designated as an affiliated supplier for the agricultural machinery sector Pyung Hwa Oil Seal Industrial Co., Ltd.
    • 1981 03 Designated as an affiliated supplier for the automotive sector Ministry of Commerce and Industry, Pyung Hwa Oil Seal Industrial Co., Ltd.
  • 1950~1970
    1970's
    • 1978 10 Organized a labor union Pyung Hwa Oil Seal Industrial Co., Ltd.
    • 1978 05 Designated as a class 3 military supplier.
    • 1978 04 Selected as a class 3 key industrial enterprise Pyung Hwa Oil Seal (Key Industrial Enterprise Selection Committee)
    • 1978 02 Trade license Ministry of Commerce and Industry
    • 1978 02 Pyung Hwa Oil Seal Industrial Co., Ltd. reborn as a joint venture (Pyung Hwa:60%, NOK, Japan: 40%)
    • 1977 11 Signed a joint venture agreement for Pyung Hwa Oil Seal with NOK, Japan.
    • 1977 02 Established Pyung Hwa Oil Seal Industrial Co., Ltd.
    • 1976 07 Signed a technical agreement with NOK, Japan
    • 1975 10 Selected as a military materials manufacturer Ministry of Commerce and Industry
    • 1975 08 Incorporation Pyung Hwa Industrial Co., Ltd.
    • 1975 02 Relocated to Daegu Industrial Park III.
    • 1975 01 Pyung Hwa Oil Seal was designated as an affiliated localization factory for the auto industry Ministry of Commerce and Industry
    • 1974 04 Selected as a key industrial enterprise Pyung Hwa Oil Seal (Key Industrial Enterprise Selection Committee)
    • 1970 01 Designated as an affiliated localization factory for the auto industry Ministry of Commerce and Industry
    • 그룹연혁 1990년대
    1960's
    • 1969 07 Organized the labor union Pyung Hwa Industry
    • 1964 05 Exported the circular belt to Vietnam for the first time (US$ 4,000)
    • 1962 03 Changed its name to Pyung Hwa Industrial
    • 그룹연혁 1960년대
    1950's
    • 1957 06 Changed its type of business (automotive rubber parts production)
    • 1950 10 Founded Pyung Hwa Rubber Industrial (eraser rubber production)