PyungHwa India Private

One & Global PyungHwa: Accumulated Technology and Quality Competitiveness

PyungHwa India Private leads change and innovation through management reform activities based on the 4B (Best Product, Best Quality, Best Cost, and Back to Basic) principles. We are dedicated to contributing to the advancement of the automotive industry in India and across the global market.

PRODUCT

Products

Motor Mount

Anti Vibration System
Hydro Motor Mount

Anti Vibration System
Chassis Bushing

Anti Vibration System
Hydro Bushing

Anti Vibration System
Dynamic Damper

Anti Vibration System
Strut Mount

Anti Vibration System
Air strut, Complete

Anti Vibration System
Air spring, ASSY

Anti Vibration System
Sub-Part (HUB)

Anti Vibration System
Sub-Part (Inertia Ring)

Anti Vibration System
TVD (Torsional Vibration Damper) Double Mass Type

Anti Vibration System
TVD (Torsional Vibration Damper) Hub-Press Type

Anti Vibration System
TVD (Torsional Vibration Damper) Bonded(Non Heating) Type

Anti Vibration System
TVD (Torsional Vibration Damper) Hub-laser Welding Type

Anti Vibration System
TVD (Torsional Vibration Damper) Bonded(Heating) Type

Anti Vibration System
TVD (Torsional Vibration Damper) (Dual Mode Type)

Anti Vibration System
TVD (Torsional Vibration Damper) (DISK TYPE)

Anti Vibration System
TVD (Torsional Vibration Damper) (PRESS IN TYPE)

Anti Vibration System
DDU

Anti Vibration System
Filler Hose

Hose System
Vapor Hose

Hose System
Leveling Hose

Hose System
Feed Hose

Hose System
Return Hose

Hose System
Oil-Cooler Hose

Hose System
Heater Hose

Hose System
Water Hose

Hose System
Radiator Hose

Hose System
PCV & Breather Hose

Hose System
Inter Cooler Hose

Hose System
High Speed Rotational Seal

Sealing System
Shaft Ground Ring

Sealing System
Vis Valve

Sealing System
Valve Stem Seal

Sealing System
Crank Shaft Seal

Sealing System
Thrust Washer

Sealing System
Plastic Seal Ring (PEEK / PTFE etc…)

Sealing System
Gasket

Sealing System
O-ring

Sealing System
D-ring

Sealing System
Diff Side Seal

Sealing System
Bonded Piston Seal (BPS)

Sealing System
Balance Canceller Seal (BCS)

Sealing System
Piston Assy-Accumulator

Sealing System
Shock Absorber Seal

Sealing System
Power Steering Seal

Sealing System
Hub Bearing Seal

Sealing System
Dust Cap

Sealing System
Bumper Stopper

Sealing System
Water Seal

Sealing System
Diaphragm

Sealing System
Boot Pin

Sealing System
Cup

Sealing System
Transfer Case / Cover

Metallic Material
Fork Shift

Metallic Material
Engine Mount Braket

Metallic Material
T/M Mount Bracket

Metallic Material
Engine Mount Support Bracket

Metallic Material
Roll Rod Bracket

Metallic Material
Front Top Pot

Metallic Material
Rear Top Pot

Metallic Material
Rear Suspension Upper Bracket

Metallic Material
Main Plate

Metallic Material
Brake Booster

Metallic Material
Base Cover

Metallic Material
Stator Block

Metallic Material
Charge Port

Metallic Material
Hydrogen Vehicle Parts

Metallic Material
Cooling Fan Motor

Metallic Material
ECU Heat Sink

Metallic Material
Electric Vehicle Parts

Metallic Material
Air Conditioner Compressor

Metallic Material
Refrigerator Compressor Frame

Metallic Material
Dryer Parts

Metallic Material
Maincase Plate

Metallic Material
Housing

Metallic Material
Core Bolt

Metallic Material
라인 자동화 시뮬레이션

Mechanical Mold
딥러닝기반 자동화 비전검사 시스템

Mechanical Mold
포장 자동화 시스템

Mechanical Mold
소재정렬 자동화 시스템

Mechanical Mold
로봇 자동화 시스템

Mechanical Mold
도포 자동화 시스템

Mechanical Mold
방진 금형

Mechanical Mold
씰링 금형

Mechanical Mold
다이캐스팅 금형

Mechanical Mold
고정밀, 고경도 금형

Mechanical Mold
CRB ( Cold Runner Block)

Mechanical Mold
Track shoe

The Defense Industry
PAD

The Defense Industry
Road wheel

The Defense Industry
Pin Bushing

The Defense Industry
Rubber Thermal Insulation Material

The Defense Industry
Urban Safety Solution

Machine Vision
Missing Person Search & Tracking Solution

Machine Vision
School Safety Solution

Machine Vision
Smart Traffic Solution

Machine Vision
Industrial Safety Solution

Machine Vision
Deep Learning-based Automotive Part Inspection Equipment

Machine Vision
CERTIFICATE

Certifications
and Awards

  • NET (New Excellent Technology) Certification: Low-Friction Oil Seal Surface Coating Technology

    2014

  • Acquired NET Certification for High Heat-Resistant Synthetic Rubber Mount Manufacturing Technology for Automobiles

    2012

  • Acquired Corporate R&D Center Certification (KOITA)

    2006

  • Acquired QS-9000 Certification

    2004

NEWS

Newsroom

PyungHwa Group Social Contribution Association “PyungHwa Saranghoe” Holds 2025 Year-End Event

On December 10, 2025, PyungHwa Saranghoe, the social contribution organization of PyungHwa Group, held its 2025 year-end event at the Crystal Ballroom of Hotel Inter-Burgo Exco. A total of 115 participants—including organizers and volunteers—gathered to reflect on a year of service and sharing, encouraging one another and reaffirming the values of solidarity and compassion. The event began with an introduction of the beneficiaries of volunteer activities and a video highlighting the year’s social contribution efforts. This was followed by a session dedicated to expressing appreciation and encouragement, a dinner reception, performances, and interactive activities. The program provided a meaningful opportunity for attendees to acknowledge one another’s dedication and share a spirit of warmth and unity. In particular, winter supplies and other gifts were presented to beneficiaries, demonstrating tangible support and reinforcing the shared commitment to fostering hope within the community. More than a simple year-end gathering, the event served as a moment to reflect on PyungHwa Group’s journey alongside the local community and to reaffirm its commitment to ongoing social responsibility and sustainable community engagement. PyungHwa Saranghoe will continue to expand diverse social contribution initiatives with neighbors and local residents, promoting a culture of warmth and mutual growth within the community.

2025.12.10
PyungHwa Oil Seal Achieves 16 Consecutive Years of Certification as a Quality Competitiveness Excellent Company

On November 19, 2025, PyungHwa Oil Seal Industrial Co., Ltd. was once again recognized as a Quality Competitiveness Excellent Company for the 16th consecutive year at the National Quality Management Convention hosted by the Ministry of Trade, Industry and Energy. Since receiving its first certification in 2010, PyungHwa Oil Seal has continuously advanced its quality management system through systematic innovation efforts, maintaining uninterrupted certification through 2025. In recognition of achieving 10 consecutive years of certification, the company was inducted into the Hall of Fame in 2022. The evaluation process begins each April with applications, followed by self-assessments in May and on-site audits conducted between May and June. Assessments are carried out by examiners from the Korea Standards Association along with external experts, who comprehensively review the company’s overall quality management capabilities.The evaluation covers 13 categories, including: Strategy and management systemsCorporate culture and talent developmentInformation analysis and managementQuality systemsCustomer satisfactionBusiness performanceTotal Productive Maintenance (TPM)LogisticsProduct development and technological capabilityProduct liabilitySmall group and suggestion improvement activitiesStatistical quality controlReliability Over the past five years, PyungHwa Oil Seal has consistently received outstanding scores in the annual assessments: 2021: 951 points2022: 952 points2023: 963.5 points2024: 971.7 points2025: 964.6 points These results demonstrate the company’s sustained excellence in quality management and operational competitiveness.The award ceremony is held annually in November at COEX, with the CEO and company representatives attending to receive the honor.This 16-year consecutive recognition represents a significant achievement, externally validating PyungHwa Oil Seal’s accumulated technological expertise, systematic quality management, and continuous innovation efforts. Moving forward, PyungHwa Oil Seal will continue to prioritize customer trust while strengthening its global-level quality competitiveness to achieve sustainable growth.

2025.11.19
PyungHwa Industrial Receives the Presidential Citation for Distinguished Service in Industrial Accident Prevention (Hosted by the Ministry of Employment and Labor)

PyungHwa Industrial Co., Ltd. has been awarded the Presidential Citation in recognition of its distinguished contributions to industrial accident prevention, affirming its achievements in establishing a self-regulatory prevention system and creating a safe workplace. The award ceremony, hosted by the Ministry of Employment and Labor, was held on Monday, July 7, at Exhibition Hall 2 of KINTEX in Ilsan. The commendation was presented to exemplary workplaces that demonstrated outstanding efforts in building proactive, self-regulatory safety management systems and fostering safe and healthy working environments. The Industrial Accident Prevention Merit Awards recognize contributors from diverse sectors, including employers, employees, organizations, and academia. This year, a total of 112 recipients were selected, comprising four medal recipients, four order of merit recipients, six Presidential Citation awardees, eight Prime Minister’s Citation recipients, and ninety Ministerial Citation recipients. PyungHwa Industrial has continuously enhanced its industrial accident prevention standards by establishing a proactive risk management framework and reinforcing field-oriented safety and health activities. The company has consistently prioritized employee safety and well-being as its core management value. This Presidential Citation represents meaningful external recognition of the company’s sustained efforts. PyungHwa Industrial remains committed to further advancing its sustainable safety management system and achieving a zero-accident workplace.

2025.07.07
PyungHwa India Wins “Quality Excellence” Award at 2025 Kia India Supplier Partnership Day

On December 23, 2025, Kia India hosted its annual Supplier Partnership Day, inviting key partners and recognizing outstanding suppliers for their achievements. At this year’s event, Mr. Young Jun Jeon, Executive Director of PyungHwa India, received the Quality Excellence Award in recognition of the company’s exceptional quality performance in 2025. PyungHwa India achieved 0 PPM in-line defect rate at Kia India, demonstrating flawless production quality, and earned a prestigious 5-Star Quality Rating, further solidifying its reputation as a top-tier supplier. This award reflects PyungHwa India’s unwavering commitment to quality management, operational excellence, and strong partnership with Kia India. PyungHwa Group will continue striving to deliver world-class quality and strengthen collaborative growth with global OEM partners.

2026.02.13
PyungHwa Group Wins Family Business Award at the 19th EY Entrepreneur Of The Year™

Global accounting and consulting firm EY Han Young announced that it held the 19th EY Entrepreneur Of The Year awards ceremony on November 14 at the The Shilla Seoul**, presenting awards to six entrepreneurs, including Chairman Mong-Won Chung of HL Group. The EY Entrepreneur Of The Year™ is one of the world’s most prestigious business awards, celebrating entrepreneurs who transform the world through innovation and passion. Established in the United States in 1986, the program now operates in 94 countries and regions, recognizing approximately 1,000 entrepreneurs annually. First introduced in Korea in 2007, this year marked its 19th edition. Under this year’s global theme, “The Shapers,” the awards highlighted visionary leaders who drive change, create new possibilities, and boldly shape the future. An independent panel of judges, chaired by former Financial Services Commission Chairman Jong-Ku Choi, evaluated candidates based on four key criteria: Impact, Entrepreneurial Spirit, Purpose, and Growth. In the Family Business category—awarded to family entrepreneurs who have carried forward the founding spirit across generations—Chairman Jong Seok Kim and President Ju Young Kim of PyungHwa Group were selected as recipients. Founded in 1950 with the production of rubber erasers, PyungHwa Group successfully localized key automotive components such as oil seals and O-rings under the leadership of second-generation Chairman Jong Seok Kim. Building on this foundation, third-generation President Ju Young Kim has restructured the company’s business portfolio toward future mobility, focusing on electric and hydrogen vehicles while expanding its global market presence. Guided by its long-standing management philosophy that “people are PyungHwa Group’s greatest asset,” and having maintained 75 years without a single labor dispute, PyungHwa Group has been recognized as a family enterprise that upholds technological excellence, trust, and shared growth with local communities. Source Asiae (Asia Economy CORE) https://core.asiae.co.kr/article/2025111709490950934 Strengthening Korea’s Industrial Foundation in Rubber and Automotive Parts Across Three Generations Chairman Jong Seok Kim and President Ju Young Kim of PyungHwa Group have been selected as recipients of the Family Business Award at the 19th EY Entrepreneur Of The Year, hosted by EY Han Young. The Family Business category honors family entrepreneurs who have successfully carried forward the founding spirit while leading sustained growth across generations. PyungHwa Group, now in its third generation of leadership, has built a 75-year legacy rooted in innovation, technological independence, and trust. Founded in 1950 during the Korean War as PyungHwa Rubber Industrial Company by Honorary Chairman Geon-ki Kim, the company began with the production of rubber erasers. Inspired by his hope that peace would follow the war, he named the company “PyungHwa,” meaning peace. In 1957, the business transitioned into rubber component manufacturing. At a time when Korea lacked industrial infrastructure, Honorary Chairman Kim foresaw the growth potential of the automotive industry and laid the foundation for the nation’s rubber sector as a first-generation pioneer. In 1987, Chairman Jong Seok Kim assumed the role of CEO of PyungHwa Industrial, spearheading business diversification and technological self-reliance. Through technology partnerships with companies in Japan and Germany, PyungHwa successfully localized oil seals and O-rings, which had previously been entirely dependent on imports, achieving import substitution effects worth trillions of won. Since becoming CEO in 2017, third-generation leader President Ju Young Kim has led a strategic transformation toward future mobility, focusing on electric and hydrogen vehicles. By expanding collaboration with major automakers in North America and Europe, the company has increased its export ratio and strengthened its global presence. PyungHwa has also participated in hydrogen fuel cell vehicle component development for over 20 years, securing advanced eco-friendly automotive technologies. To date, PyungHwa has invested more than KRW 200 billion in research and development to achieve technological independence and innovation. In partnership with Hyundai Mobis, the company successfully localized air suspension systems after four years of joint development, breaking the monopoly previously held by a German supplier. Driven by continuous technological innovation, PyungHwa’s revenue has grown from KRW 100 billion in 2002 to approximately KRW 1.5 trillion in 2024. Chairman Kim and President Kim stated: “People are PyungHwa’s greatest asset. The trust built together with our customers, partners, and employees over the past 75 years has been the driving force behind our resilience and competitiveness.” This recognition underscores PyungHwa Group’s enduring commitment to entrepreneurship, innovation, and sustainable growth across three generations.Source: Maeil Business Newspaper https://www.mk.co.kr/news/stock/11469551

2025.11.14
PyungHwa Group Holds 75th Anniversary “One Heart Festival”

In celebration of its 75th anniversary, PyungHwa Group hosted the “75th Anniversary One Heart Festival” on Saturday, October 25, 2025, at Dalseong Sports Park, bringing together employees from across the organization. The event was organized to reflect on the Group’s 75-year journey of innovation and to reaffirm its commitment to a new leap forward toward an eco-friendly future. In addition to current employees, retired executives who contributed to the company’s growth, overseas expatriates, and their families were invited, making the occasion even more meaningful. The program began with a pre-event performance by a marching band, followed by a commemorative 75th anniversary video screening, the opening ceremony, a CEO message, and a special address. The celebration continued with sports competitions by job grade, team-building programs, congratulatory performances, and a closing ceremony, creating a vibrant festival atmosphere that strengthened unity and communication among employees. It was particularly significant as members from different generations, job functions, and domestic and overseas workplaces gathered in one place to encourage one another and reaffirm the shared spirit of the PyungHwa community. The venue also featured a variety of interactive activities, including caricature drawings, instant photo booths, family-friendly experience zones, and inflatable play areas, allowing employees and their families to enjoy the event together. A grand prize draw further added excitement, with a wide range of gifts such as family hotel and resort vouchers, a 65-inch QLED TV, a drum washing machine, a dryer, a robot vacuum cleaner, a laptop, a tablet PC, a bicycle, an electric shaver, a blender, a hair dryer, and even a box of instant noodles. The One Heart Festival served as a meaningful occasion to commemorate the past 75 years of PyungHwa Group and to share its vision for a sustainable and eco-friendly future. Moving forward, PyungHwa Group will continue its journey of innovation and responsible management under its mission of “Creating an Eco-Friendly Future.”

2025.10.27
The 29th PyungHwa Group Friendship Football Tournament Successfully Held

The 29th PyungHwa Group Friendship Football Tournament was held on April 19, 2025, at Dalseong Sports Park. The annual tournament is organized to foster harmony and communication among employees. Eight teams, formed by each business division, competed in friendly football matches, strengthening teamwork and camaraderie across the organization. In addition to the matches, a snack food court was set up to provide refreshments for participants and supporters. Awards were presented to the champion, runner-up, and third-place teams. Individual honors were also awarded, with the MVP presented to one player from the championship team and the Fair Play Award given to one player from the runner-up team. In 2025, PyungHwa Industrial claimed the championship title for the second consecutive year, demonstrating outstanding teamwork and performance.

2025.04.19
PyungHwa Oil Seal Industry Receives the Chairman’s Award as an Outstanding Member Company of the Korea Standards Association

On December 10, 2024, PyungHwa Oil Seal Industry was honored with the Chairman’s Award as an Outstanding Member Company of the Korea Standards Association. This recognition acknowledges the company’s continuous efforts in advancing quality management innovation, strengthening industrial competitiveness, and contributing to the development and growth of member companies within the Korea Standards Association. Through sustained improvement initiatives and systematic quality management practices, PyungHwa Oil Seal Industry has demonstrated leadership in promoting standardized management excellence and reinforcing the foundation of industrial quality advancement.

2024.12.10
PyungHwa Oil Seal Certified as an Excellent Quality Competitiveness Company for 15 Consecutive Years

On November 20, 2024, at the 50th National Quality Management Convention hosted by the Ministry of Trade, Industry and Energy, PyungHwa Oil Seal Industry achieved the remarkable milestone of being recognized as an Excellent Quality Competitiveness Company for the 15th consecutive year, following its first certification in 2010. Since its initial recognition, the company has continuously advanced its quality management system through systematic innovation initiatives. To strengthen quality competitiveness, PyungHwa Oil Seal operates the “POS Line 5 Star” system, which evaluates and upgrades production cells while ensuring the highest level of quality control required by customers. In addition, the company has implemented the “Quality Yellow Bell” reporting system to proactively identify and immediately address potential quality issues. Through its emergency response system, “Q-Risk CFT,” cross-functional teams of product and field specialists conduct root cause analyses and establish corrective measures to fundamentally prevent the outflow of nonconforming products. To drive innovation in production operations, the company has enhanced its Master Production Scheduling (MPS) system to forecast customer orders and established an integrated system that connects production planning to final delivery. As a result of these continuous improvements, inventory levels have been reduced by more than 50%, while inventory turnover and on-time delivery rates have significantly increased. Automation rates have been raised to over 60% to improve operational efficiency, and a preventive maintenance system has been implemented to substantially reduce equipment failure rates. This consecutive recognition reflects the sustained excellence and unwavering commitment of PyungHwa Oil Seal Industry to quality innovation and operational competitiveness.

2024.11.20
PyungHwa Industrial Receives Minister’s Award (Gold Prize) in the Win-Win Cooperation Quality Control Circle Category

On November 20, 2024, at the Win-Win Cooperation Quality Control Circle Awards hosted by the Ministry of Trade, Industry and Energy, PyungHwa Industrial was honored with the Minister’s Award (Gold Prize). ▶ Award OverviewThis award recognizes outstanding quality control circles in industrial workplaces that have contributed to quality improvement through voluntary employee-led initiatives. These activities include cost reduction, quality enhancement, productivity improvement, and customer satisfaction advancement. The program aims to discover and commend exemplary teams whose autonomous improvement efforts have led to measurable performance gains and strengthened industrial competitiveness. ▶ Selection Criteria1. First Round – Regional CompetitionThe team must achieve the highest score within its respective category. 2. Second Round – National CompetitionA minimum score of 97 out of 100 points is required, based on a combined evaluation of on-site assessment and presentation review. On-site Evaluation: 40 pointsPresentation Review: 60 points Through this rigorous evaluation process, PyungHwa Industrial’s quality control circle demonstrated exceptional improvement performance and strong collaborative capabilities, earning national-level recognition.

2024.11.20
The 28th PyungHwa Group Friendship Football Tournament Successfully Held

The 28th PyungHwa Group Friendship Football Tournament was held on April 27, 2024, at Dalseong Sports Park. The annual tournament is organized to promote harmony and communication among employees, with eight teams formed by each business division competing in friendly matches. In addition to the football games, a snack food court was set up to provide refreshments for participants and supporters. Awards were presented to the champion, runner-up, and third-place teams. Individual honors were also given, including the MVP award to one player from the championship team and the Fair Play Award to one player from the runner-up team. After being temporarily suspended due to COVID-19, the tournament resumed this year, providing a meaningful opportunity to boost employee morale and strengthen unity across the organization.

2024.04.27
PyungHwa Industrial Recognized for Excellence in the Supply Price Linkage System

On December 18, 2023, PyungHwa Industrial was honored as an Outstanding Company in Price Adjustment Performance under the Supply Price Linkage System.Among 10,154 participating companies in the subcontract payment linkage initiative, 16 companies were selected as exemplary performers in implementing the linkage system, and six of them—including PyungHwa Industrial—received official commendations for outstanding price adjustment results.In particular, PyungHwa Industrial established an internal computerized system designed to automatically reflect fluctuations in raw material prices into component pricing. The company also voluntarily entered into material price linkage agreements with 51 partner suppliers, demonstrating strong compliance with the Fair Trade Agreement Implementation Evaluation standards.Through exemplary execution of the linkage system, PyungHwa Industrial was recognized for contributing to the establishment of a fair and transparent transaction culture between large enterprises and small- and medium-sized partners.▶ Selection Criteria Companies that submitted their 2023 performance records were evaluated and selected for commendation based on assessment results. Document Review: Evaluation of linkage performance by supplier and detailed records of delivery price adjustments.

2023.12.18
PyungHwa Industrial Receives the Chairman’s Award from the Korea Automotive Parts Industry Promotion Foundation

On November 11, 2023, PyungHwa Industrial was honored with the Chairman’s Award from the Korea Automotive Parts Industry Promotion Foundation. The award recognizes individuals and organizations that have demonstrated outstanding achievements in advancing the national strategic goal of becoming a global automotive powerhouse. The Chairman’s Award is presented to those who have made significant contributions to strengthening the competitiveness of Korea’s automotive parts industry, a core pillar of the nation’s key industries. ▶ Selection CriteriaThe selection process consists of three stages:1. First Review – Working-Level Committee Evaluation2. Second Review – On-Site Inspection3. Final Review – Deliberation Committee Assessment Award recipients are selected through comprehensive evaluations conducted at each stage by the respective committees. The process includes detailed verification of achievements, on-site inspections, interviews and Q&A sessions with evaluation members, and thorough documentation review. Through this rigorous screening process, PyungHwa Industrial was recognized for its measurable contributions to industrial advancement and its continued efforts to enhance the global competitiveness of Korea’s automotive sector.

2023.11.11
PyungHwa Industrial and PyungHwa Oil Seal Receive the IR52 Jang Young-sil Award

On April 11, 2023, under the “Outstanding New Technology Products and Technological Innovation Achievements” category hosted by the Ministry of Science and ICT, PyungHwa Industrial and PyungHwa Oil Seal were honored with the prestigious IR52 Jang Young-sil Award. PyungHwa Industrial received the award for its development of a Smart Garage-Controlled Multi-Chamber Air Suspension System, an advanced suspension solution designed to enhance vehicle stability and ride comfort through intelligent pressure control. PyungHwa Oil Seal was recognized for its development of an Integrated Gasket for Metallic Bipolar Plates in Hydrogen Fuel Cell Stacks, a core component technology that improves sealing reliability and durability in hydrogen fuel cell systems. ▶ Award OverviewThe IR52 Jang Young-sil Award recognizes outstanding research organizations and companies that have achieved excellence in new technology product development and technological innovation. The program aims to promote corporate R&D activities and encourage continuous technological advancement. ▶ Selection Criteria1. Preliminary EvaluationConducted by a specialized technical subcommittee, this stage assesses eligibility requirements, technological excellence, and the accuracy and credibility of submitted documentation. 2. Comprehensive EvaluationBased on the subcommittee’s assessment, the final recipients are selected through a vote by the central review committee. Through these achievements, both companies demonstrated their advanced technological capabilities and reaffirmed their leadership in future mobility and hydrogen energy innovation.

2023.04.11
PyungHwa Industrial Selected as a World-Class Product and Manufacturer

On November 22, 2022, PyungHwa Industrial received the Presidential Citation in the Quality Competitiveness category of the National Quality Innovation Awards hosted by the Ministry of Trade, Industry and Energy. ▶ Award OverviewThe Presidential Citation is presented to outstanding organizations that have made significant contributions to strengthening national industrial competitiveness by delivering exceptional management performance through quality management innovation activities. These include measurable achievements in quality improvement, cost reduction, productivity enhancement, and customer satisfaction across industrial operations. ▶ Selection CriteriaThe award selection process consists of two stages: 1. Document Review (Stage 1)Companies must score at least 500 out of 1,000 points to be recommended for the award. 2. On-Site Evaluation (Stage 2)Companies must score at least 650 out of 1,000 points during a comprehensive on-site assessment to qualify for final recommendation. Through this rigorous evaluation process, PyungHwa Industrial demonstrated its excellence in quality-driven management and operational competitiveness, reaffirming its position as a leading manufacturer in the global market.

2022.11.23
PyungHwa Industrial Receives the Presidential Citation for the National Quality Innovation Award at the National Quality Management Convention

On November 23, 2022, at the 48th National Quality Management Convention held at KINTEX in Ilsan, Gyeonggi Province, PyungHwa Industrial was honored with the Presidential Citation for the National Quality Innovation Award.The convention was hosted by the Korean Agency for Technology and Standards under the Ministry of Trade, Industry and Energy and organized by the Korea Standards Association.The National Quality Innovation Award recognizes companies that demonstrate outstanding achievements in quality innovation across key areas such as customer satisfaction, Fourth Industrial Revolution initiatives, carbon neutrality, and ESG management.This year, a total of 19 companies were selected across various categories in recognition of their excellence in advancing quality-driven innovation and sustainable management practices.

2022.11.23
PyungHwa Oil Seal Inducted into the Hall of Fame as an Excellent Quality Competitiveness Company at the National Quality Management Convention

An award ceremony was held on November 23, 2022, at KINTEX in Ilsan, Gyeonggi Province, during the 48th National Quality Management Convention, hosted by the Korean Agency for Technology and Standards under the Ministry of Trade, Industry and Energy and organized by the Korea Standards Association. A total of 39 companies were recognized as Excellent Quality Competitiveness Companies.The “Excellent Quality Competitiveness Company” designation is awarded annually to companies that achieve outstanding business performance through robust quality management systems, strong technological capabilities, and continuous quality improvement.The program focuses on identifying companies with comprehensive competitiveness in areas such as quality innovation and customer satisfaction, while encouraging and supporting corporate quality management initiatives.Originating from the “Top 100 Quality Management Companies” program launched in 1994, the initiative evolved into the “Top 100 Quality Competitiveness Companies” in 1997 and marked its 29th year this year.The evaluation process requires companies to conduct an online self-assessment through the Quality Competitiveness Assessment System (QCAS). A panel of approximately 50 quality experts then carries out on-site evaluations across around 13 criteria, including strategy and management systems, talent development, quality systems, product development and technological capability, and customer satisfaction. Based on the comprehensive assessment, only companies verified to achieve Grade 1 or Grade 2 out of nine grades (900 points or higher out of 1,000) are finally selected.Among the 39 companies selected this year, the industry breakdown included four in metals, six in machinery, nine in electrical and electronics, six in chemicals, two in other industries, and twelve public institutions. By company size, three were large corporations, sixteen mid-sized enterprises, eight small and medium-sized enterprises, and twelve public enterprises, with particularly strong participation from mid-sized companies.This year, Seoyon E-Hwa, PyungHwa Oil Seal Industry, and Korea Gas Technology Corporation underwent rigorous on-site evaluations and were officially inducted into the Hall of Fame, reaffirming their exceptional level of quality competitiveness.

2022.11.23
PyungHwa Oil Seal Recognized for 10 Consecutive Years as an Excellent Quality Competitiveness Company at the 45th National Quality Management Convention

(Photo: Kim Sung-ik, Executive Vice President, PyungHwa Oil Seal Co., Ltd.) At the 45th National Quality Management Convention held on November 13 at COEX in Seoul and hosted by the Korean Agency for Technology and Standards under the Ministry of Trade, Industry and Energy, nine member companies—including PyungHwa Oil Seal Industry, Kukdong Jeayon Industrial, Daeshin Machinery, Daehan Solution, Deokyang Industry, Dongbo, Seoyon E-Hwa, HANDS Corporation, and Hyundai Transys—were honored as Excellent Quality Competitiveness Companies in the machinery and chemical sectors. A total of 493 awards, including Industrial Medals, Presidential Citations, and Prime Minister’s Commendations, were presented to individuals and organizations that contributed to strengthening industrial competitiveness through quality management initiatives. PyungHwa Oil Seal Co., Ltd. / 10-Year Consecutive Recognition in the Machinery Sector PyungHwa Oil Seal Co., Ltd. (CEO Kim Dong-kwan) has continuously driven innovation in its quality management systems under the slogan, “Be the First to be the Best,” with the goal of becoming a company that satisfies both customers and employees by upholding fundamental principles and encouraging voluntary participation to achieve top performance. Based on three core pillars—quality, production, and talent—the company benchmarked Hyundai Motor Company’s Five-Star evaluation system to strengthen quality competitiveness. Production site cell lines are classified and managed under a five-level grading system to ensure systematic quality control. Processes and cells with lower ratings are subject to focused improvement and level-up initiatives to enhance overall operational excellence. Through the implementation of its “Quality 119” program and the Q-Risk preventive management system, the company successfully achieved a reduction of more than 79% in customer complaints since 2012.

2020.11.13
2019 Daegu International Future Auto Expo

The “2019 Daegu International Future Auto Expo,” showcasing cutting-edge technologies in next-generation mobility, opened at EXCO in Daegu. According to the Daegu Metropolitan Government, the expo runs through October 20, featuring 271 companies from 26 countries participating in exhibitions, forums, and export consultation programs. Hosted by the Daegu Metropolitan Government and the Korean Academy of Automotive Technology, and organized by the Korea Intelligent Automotive Parts Promotion Institute and EXCO, the event brings together global automakers such as Hyundai Motor, Kia Motors, Renault Samsung, and Tesla, along with domestic and international parts manufacturers and universities. Approximately 1,000 booths present a comprehensive vision of the future mobility ecosystem. Now in its third year, the expo has grown into the largest event of its kind in Korea, drawing significant attention from the industry. At the exhibition, Hyundai Motor showcased its hydrogen fuel cell vehicle “NEXO” alongside a “Hydrogen Electric House,” offering visitors an immersive experience of hydrogen-powered future living. Kia Motors presented its “Real-time Emotion Adaptive Driving (READ)” system, first unveiled at CES in the United States, which optimizes the vehicle’s interior environment in real time according to the driver’s emotional state and driving conditions. Leading parts and technology companies, including Hyundai Mobis, LG, Samsung SDI, and KT, also introduced advanced mobility solutions. LG presented its future mobility portfolio through a dedicated “LG Pavilion,” highlighting collaborative technologies across electronics and chemical sectors. Samsung SDI exhibited high energy-density batteries designed to extend EV driving range, batteries applied to BMW high-performance electric vehicles, and battery systems for electric buses. Daegu-based automotive parts manufacturers such as PyungHwa Holdings, SL, Sambo Motors, Kyungchang Industrial, PyungHwa Valeo, ERAE AMS, and Daeyoung Chaevi participated in the exhibition, presenting their latest future mobility technologies. In addition, 61 overseas buyers confirmed participation in the export consultation program. Procurement representatives from global automakers including Volkswagen, Mercedes-Benz, and General Motors visited EXCO to conduct one-on-one business meetings with participating companies. Mayor Kwon Young-jin of Daegu stated, “We hope this expo will provide regional companies with an opportunity to showcase their innovative technologies to the world and to explore new global markets while experiencing firsthand the latest advancements in future mobility.”

2020.03.24
Financial Support Agreement Signed for Automotive Parts Suppliers in Daegu

A financial support agreement aimed at fostering mutual growth among automotive parts suppliers in the Daegu region was held on October 17, 2019, at EXCO in Daegu. According to the Daegu Metropolitan Government, PyungHwa Holdings, ERAE AMS, PyungHwa Precision, and Sambo Motors—together with Daegu Bank and the Daegu Metropolitan Government—agreed to jointly establish a KRW 9 billion mutual growth fund. Companies seeking financial assistance may obtain a recommendation from one of the participating mid-sized enterprises and, following review by the Daegu Credit Guarantee Foundation, receive loans of up to KRW 500 million per company. The Daegu Credit Guarantee Foundation will provide guarantees up to a total limit of KRW 36 billion, maintaining coverage until the guaranteed amount is fully repaid. The loan interest rate under the mutual growth support program will be capped at the market base rate plus 1.2%, with early repayment fees waived. Repayment options include a one-year lump-sum repayment plan or a five-year structure consisting of a two-year grace period followed by three years of equal monthly principal repayments. A Daegu city official stated, “This agreement was designed to support second- and third-tier automotive parts suppliers in the region that are experiencing financial difficulties due to sluggish exports by domestic automakers and weakening domestic demand.”

2020.03.24
The 25th PyungHwa Group Friendship Football Tournament Held

The 25th PyungHwa Group Friendship Football Tournament was held on May 13 at Dalseong Sports Park. Now in its 25th year, the annual tournament brings together eight teams formed by each business division, providing an opportunity to strengthen unity and communication through friendly competition. A highlight of the event took place during lunchtime, when the Chairman, senior executives, and the labor union chairman participated in a special penalty kick match, creating a lively and enjoyable atmosphere for all attendees.

2017.05.13
Yeongcheon City Signs MOU with Element Six Co., Ltd. and Gyeongbuk Hybrid Technology Institute

Yeongcheon City (Mayor Kim Young-seok) signed a memorandum of understanding (MOU) on May 16 at Yeongcheon City Hall with Element Six Co., Ltd. and the Gyeongbuk Hybrid Technology Institute to secure core technologies and promote commercialization through joint participation in the Gyeongbuk Carbon Cluster initiative. Element Six Co., Ltd. is a newly established corporation formed following the acquisition of Carbon Village, originally founded in 2007, by PyungHwa Holdings. Building upon accumulated expertise and proprietary technologies, the company was launched under a phased investment plan. In the short term, it focuses on producing CFRP-molded automotive components, tuning parts, and leisure products. Over the mid- to long term, it aims to develop thermoplastic CFRP and take a leading position in the commercialization of CFRP materials for future industries. The Gyeongbuk Hybrid Technology Institute, which also signed the MOU, has been conducting prototype development and testing to apply CFRP—widely recognized for its use in aircraft structures and automotive bodies—to exterior automotive parts such as hoods and fenders. The institute has established extensive know-how in CFRP manufacturing technologies and a robust reliability testing and evaluation infrastructure. Through this agreement, Yeongcheon City, Element Six Co., Ltd., and the institute will collaborate on joint participation in the Gyeongbuk Carbon Cluster production base. Areas of cooperation include technology and information exchange for parts commercialization, planning of commercialization-oriented R&D projects, advancement of carbon material initiatives such as drone propellers and aircraft components, and export expansion through mass production. Mayor Kim Young-seok stated, “We have now entered the era of the Fourth Industrial Revolution. In preparation for this new era, Yeongcheon will foster the carbon composite materials industry—recognized as a high value-added material applicable to aviation, automotive, and leisure industries—to build a foundation for future growth.” He added that through this MOU, collaboration among the public sector, industry, and research institutions will accelerate the development of advanced materials and position Yeongcheon as a leading municipality in the carbon industry.

2017.05.18
PyungHwa Industrial Selected as a World Class 300 Company

PyungHwa Industrial has been officially selected as a beneficiary of the “World Class 300 Project” and the “Global Specialized Enterprise Development Program,” initiatives designed to foster Korea’s next generation of export-driven global leaders (hereinafter referred to as World Class Companies). A total of 50 companies nationwide were selected this year, and the certificate award ceremony was held on June 10 in Seoul. Launched in 2011, the World Class 300 Project is a government-led initiative aimed at nurturing high-potential small and mid-sized enterprises into global hidden champions through collaboration among government agencies, support institutions, and private financial organizations. Candidate companies are required to submit comprehensive growth strategy roadmaps covering technology, marketing, and management innovation, and are selected through a rigorous evaluation of feasibility and growth potential. The Small and Medium Business Administration and the Korea Institute for Advancement of Technology organized a panel of experts from industry, academia, and research institutes to conduct a 50-day, four-stage in-depth evaluation process beginning in late April. The process included eligibility screening, sectoral evaluation, on-site due diligence and reputation verification, and a final comprehensive assessment. Selected companies are eligible to participate in dedicated and linked support programs for up to 10 years to accelerate their growth into globally competitive hidden champions. PyungHwa Industrial presented the vision “2020 NVH Global Top 5” as part of its World Class 300 application, targeting entry into the global top five in the anti-vibration (NVH) sector. To achieve this goal, the company established concrete performance targets, including KRW 692.7 billion in sales, a 32% direct export growth rate, and a 36% export ratio. During the evaluation process, PyungHwa Industrial received particularly strong recognition for the growth potential of its five future strategic technologies. These five new growth areas include four advanced anti-vibration technologies—Active Mounts, Active Dampers, Air Suspension, and Airless Tires—as well as Extruded Silicone Hoses in the hose division. The company presented a comprehensive growth plan outlining its current technological capabilities, future R&D objectives, expected performance benefits, and global marketing strategies, earning high praise from the evaluation committee. Notably, during the on-site inspection, evaluators were given the opportunity to experience firsthand a vehicle equipped with the company’s Active Mount technology. The live demonstration reinforced confidence in the feasibility of the company’s vision and growth roadmap. At the certificate award ceremony, President Kim Dong-kwan stated in an interview that he was grateful for the opportunity to challenge global markets as a representative high-potential company of Korea and expressed his commitment to achieving PyungHwa Industrial’s vision and strategic goals at the earliest possible time. Among the 50 companies selected nationwide in 2016, five were based in Daegu, including PyungHwa Industrial, Korea OSG, Daesung Hi-Tech, Dijen, and TSR.

2016.06.10
“One Mind Moonlight Hike” Held to Mark the First Anniversary of the New Management Declaration

o commemorate the first anniversary of the New Management Declaration and to strengthen teamwork, communication, and commitment to achieving management goals, the “One Mind Moonlight Hike” was held from May 13 to 14, 2016, in the Gyeongju and Yeongdeok areas. A total of 154 executives and employees participated in the event. The first session featured a retrospective on the first year of the New Management Declaration, followed by a special lecture by Professor Park Jae-hee of Sungkyunkwan University titled “A Humanistic Life Learned from the Classics.” In addition, all participants took part in the “One Mind Rowing” simulation program designed to promote safety and team spirit ahead of the moonlight hike. Awards were presented to individuals and teams who demonstrated outstanding performance in the various activities. The highlight of the event, the moonlight hike, began around 2:00 a.m. Participants walked approximately 11 kilometers over three and a half hours, from Chuksan Port in Yeongdeok to Obo Beach. Relying on a single light and the support of one another, what initially seemed like a long and challenging course was completed in high spirits and without difficulty. Director Jeon Gi-pyo, who took part in the event, remarked, “I am pleased that the One Mind Moonlight Hike concluded safely without any incidents. It was especially meaningful to commemorate the first anniversary of the New Management Declaration together with our employees.” He also expressed his appreciation to the staff who prepared the event and to all employees who actively participated. The company looks forward to continued growth and unity, inspired by the spirit of the One Mind Moonlight Hike.

2016.05.24
2016 Management Strategy Workshop Held

The 2016 Management Strategy Workshop was held over two days, from January 22 to 23, in Gyeongju, with approximately 75 participants in attendance, including the Chairman, CEOs, division heads, and team leaders. The workshop featured presentations on performance management strategies by each business division, outlining three-year operational directions and roadmaps, three-year performance targets, as well as a review of 15 years of performance management achievements and plans for 2016. The program also included a demonstration of the new EIS (Executive Information System), followed by the Chairman’s closing remarks and a resolution hike to reaffirm commitment to achieving the year’s goals. In his closing address, the Chairman emphasized the need to accelerate innovation in management practices and to build an organizational culture in which all members actively embrace change in order to accomplish the company’s 2016 objectives.

2016.02.17
PyungHwa Holds “One Mind Festival” Celebrating Its 65th Anniversary

In celebration of its 65th anniversary, the Corporate Management Division hosted a series of commemorative programs designed to foster pride and unity under the theme, “I Am PyungHwa.” The anniversary events were organized around culture, technology innovation, communication and harmony, and community engagement—bringing employees together to strengthen a shared sense of identity. Highlights included Cinema Day, a cultural event held in appreciation of dedicated employees working behind the scenes, and PyungHwa Masters, a competition recognizing top performers in production, logistics, and quality. The celebration also featured a Coal Briquette Sharing Campaign, conducted with members of the local community, and the Future Technology Forum, a platform for presenting next-generation technologies that will lead PyungHwa toward its centennial future. Employees further showcased their unity through a Choir Competition, filling the stage with harmony, while the One Mind Festival brought together 4,000 members of the PyungHwa family for a day of communication and fellowship. Additional programs included a Futsal Tournament to strengthen teamwork across divisions and a Jeju Island Retreat offering long-serving employees time for rest and renewal. Through these diverse activities, the 65th anniversary became a meaningful occasion in which all members of PyungHwa came together as one to celebrate the company’s legacy and future.

2016.01.22
Signing of MOU to Foster Future Technology Talent

Yeungnam University (President Noh Seok-kyun) has launched a full-scale industry–academia specialized education program in partnership with leading mid-sized regional companies to enhance student employability.On the 21st, the university’s flagship initiative, the Automotive Convergence Components Creative Talent Development Program for Realizing the Creative Economy (Director Song Dong-ju), signed a cooperation agreement with PyungHwa Holdings (CEO Kim Dong-kwan), a regional automotive parts manufacturer. The agreement aims to operate a recruitment-linked program designed to strengthen students’ practical competencies.President Noh Seok-kyun met with CEO Kim Dong-kwan to agree on the establishment of a “Technical Meister School” to cultivate highly skilled professionals. The program will be structured into two tracks: a “post-employment training course” for newly hired employees of PyungHwa Holdings, and a “pre-employment education course” for undergraduate students prior to recruitment.Under the agreement, Yeungnam University will dispatch faculty members to participate directly in the post-employment training program. The university will also actively collaborate in student recruitment, curriculum development, and program delivery for the pre-employment track.In particular, the pre-employment course will feature jointly developed industry–academia specialized programs (PyungHwa Track 1 and 2), offering tailored education and on-site training opportunities for enrolled students. The initiative is expected to cultivate practice-ready, company-aligned technical professionals.CEO Kim Dong-kwan stated, “Through this agreement, students will graduate with the capabilities required to immediately perform their roles, while the company will be able to secure outstanding technical talent. Industry–academia cooperation serves as a foundation for the shared growth of universities, companies, and the local community. We hope to see such collaborative programs continue to expand.”

2016.01.22
Gold Tower Order of Industrial Service Merit Awarded at the 40th National Quality Management Convention

On November 19, the Korean Agency for Technology and Standards under the Ministry of Trade, Industry and Energy hosted the 40th National Quality Management Convention at COEX in Seoul. The event recognized individuals and organizations that have made significant contributions to strengthening Korea’s industrial competitiveness and advancing quality management. Chairman Kim Jong-seok of PyungHwa Oil Seal Industry Receives Gold Tower Order — “KRW 2.5 Trillion in Import Substitution” The highest honor of the convention, the Gold Tower Order of Industrial Service Merit, was awarded to Chairman Kim Jong-seok of PyungHwa Oil Seal Industry, who has led Korea’s rubber industry for 37 years. Chairman Kim was recognized for successfully localizing key components such as oil seals and O-rings, which prevent contaminants from entering machinery systems. His achievements generated an estimated KRW 2.5 trillion in import substitution effects, making a significant contribution to the development of Korea’s automotive and machinery industries. Other Major Award Recipients Major decorations and commendations were presented to business leaders and companies demonstrating excellence in quality management. Silver Tower Order of Industrial Service Merit: Chairman Kim Bo-kyun of Chemtronics; Executive Vice President Song Kwon-ho of Hankook Tire & Technology Bronze Tower Order of Industrial Service Merit: CEO Jang Gi-bong of Master Automobile ManagementIron Tower Order of Industrial Service Merit: CEO Lee Dong-woo of Hotel Lotte (Lotte World)National Quality Award (Organization): Daehan Solution, a key quality partner to global automakers including Hyundai Motor Company and General Motors Recognizing Leaders in Quality InnovationIn addition to the industrial decorations, a total of 425 awards were presented, including Presidential and Prime Minister commendations. Notably, 293 Quality Control Circle teams that proactively led quality improvement initiatives at industrial sites were honored, and 26 exemplary workers demonstrating outstanding craftsmanship were newly designated as National Quality Masters.

2014.11.19
CONTACT

Location

  • Address
    Plot No. L11 & L12, SIPCOT Industrial Park, Phase-2, Mambakkam, Sriperumbudur 602 106, Kancheepuram Dist, Tamilnadu, INDIA
  • Tel
    91-44-4710-2600
View Affiliates