PyungHwa Holdings Co., Ltd. completed the absorption merger of Yewon Partners Co., Ltd.

MJ Vision Tech Co., Ltd. completed the absorption merger of Element Six Co., Ltd.

Established PFS Co., Ltd. (corporate spin-off from PyungHwa Oil Seal Industry Co., Ltd.)

Establishment of Yewon Partners Co., Ltd.

Establishment of Changin HRD Institute Co., Ltd.

Establishment of Element Six Co., Ltd.

PyungHwa ENG Co., Ltd. merged with MDT Co., Ltd.

Declaration of New Management Philosophy

PyungHwa Industrial Co., Ltd. merged with PAVCO Co., Ltd.

Reached KRW 1 Trillion in Sales

Establishment of PNDT

Company Split (New: PAVCO Co., Ltd. / Surviving: PyungHwa Industrial Co., Ltd.)

Establishment of PHI (Overseas Affiliates in India)

Company Split (Surviving: PyungHwa Holdings / New: PyungHwa Industrial)

Establishment of TPHE (Overseas Affiliates in China)

Establishment of PyungHwa ENG R&D Center

Established PyungHwa ENG Co., Ltd. (corporate spin-off from PyungHwa KiGong Co., Ltd.)

Changed corporate name from Serapis Co., Ltd. to MDT Co., Ltd.

Establishment of Serapis Co., Ltd.

Divested Shares in PyungHwa Westar Co., Ltd.

Completed Construction of PyungHwa Oil Seal R&D Center

Establishment of TPHK, an overseas (Chinese) affiliates of Pyunghwa Industrial Co., Ltd.

Establishment of TPH, an overseas (Chinese) affiliates of Pyunghwa Industrial Co., Ltd.

Reached KRW 100 Billion in Sales

Agreed to Sell Stake in Korea Gates Co., Ltd.

Divested Stake in Daekyung Hwasung

Completed Construction of PyungHwa Industrial R&D Center

Acquired Daekyung Hwasung

Signed Industry-Academic R&D Agreement with Kyungpook National University

Establishment of PyungHwa Westar for Woven Hose Production

Designated as a Military Service Exception Company (Chemical Sector)

Establishment of Geonhwa Cultural Foundation

Company Name Change: PyungHwa Co., Ltd. → PyungHwa CMB Co., Ltd

Establishment of Technical Partnership with Metzeler Gimetall AG (Germany)

Establishment of Employee Welfare Fund at PyungHwa KiKong

Establishment of PyungHwa Oil Seal R&D Center

PyungHwa CMB Co., Ltd. Signed Technology Licensing Agreement with JSR Elastomix (Japan)

Establishment of PyungHwa CMB (formerly PyungHwa Co., Ltd.)

PyungHwa Oil Seal Co., Ltd. Establishment of an Employee Welfare Fund

PyungHwa Industrial Co., Ltd. Establishment of a Technical Partnership with Tokai Rubber Industries (Japan)

Merged with Korea E.P.I (Current PyungHwa Oil Seal Gumi Plant)

PyungHwa Oil Seal Co., Ltd. Completed Construction of Plant No. 2

Relocated Nongong Plant (Dalseong Industrial Complex)

Establishment of PyungHwa Industrial R&D Center (Chemical Engineering)

PyungHwa Oil Seal IPO

Establishment of Technical Partnership with Daito Rubber Manufacturing Co., Ltd. (Japan)

PyungHwa Industrial IPO

Establishment of PyungHwa Ki Gong Co., Ltd.

PyungHwa Oil Seal Co., Ltd. Designated as a Supplier in the Automotive Sector by MOCIE

PyungHwa Oil Seal Co., Ltd. Designated as a Supplier in the Agricultural Machinery Sector by MOCIE

Designated as a Level 3 Defense Supplier

Establishment of the Labor Union of PyungHwa Oil Seal Co., Ltd.

PyungHwa Oil Seal Designated as a Strategic Key Industry Supplier (Level 3)

Launched PyungHwa Oil Seal Co., Ltd. (Joint Venture: PyungHwa 60%, Japan 40%)

Obtained Export and Import License from MOCIE

Establishment of PyungHwa Oil Seal Co., Ltd.

Signed Joint Venture Agreement between NOK (Japan) and PyungHwa Oil Seal

Establishment of Technical Partnership with NOK (Japan)

Selected as a Defense Material Supplier by MOCIE

Incorporated PyungHwa Industrial Co., Ltd.

Establishment of the Labor Union of PyungHwa Industrial Co., Ltd.

Relocated PyungHwa Industrial Co., Ltd. to the Newly Constructed Site in Daegu 3rd Industrial Complex

Designated as an Automotive Parts Supplier (Oil Seals) by MOCIE

PyungHwa Oil Seal Designated as a Strategic Key Industry Supplier

First Export of V-belts to South Vietnam ($4,000)

Changed Company Name to PyungHwa Industrial Co., Ltd.

Pivoted Business to Automotive Rubber Parts Manufacturing

Establishment of PyungHwa Rubber Industry (Produced Eraser Rubber)