Yeowon Partners Co., Ltd. merged into PyungHwa Holdings Co., Ltd.

Element Six Co., Ltd. merged into MJ Vision Tech Co., Ltd.

Established PFS Co., Ltd.

Established Yeowon Partners Co., Ltd.

Established Changin HRD Institute Co., Ltd.

Established 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

Established PNDT

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

Established PHI (Overseas Subsidiary in India)

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

Established TPHE (Overseas Subsidiary in China)

Established PyungHwa ENG R&D Center

Established PyungHwa ENG Co., Ltd.

Corporate Split (PyungHwa KiKong & PyungHwa ENG)

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

Established Serapis Co., Ltd.

Divested Shares in PyungHwa Westar Co., Ltd.

Completed Construction of PyungHwa Oil Seal R&D Center

Established TPHK, an overseas (Chinese) subsidiary of Pyunghwa Industrial Co., Ltd.

Established TPH, an overseas (Chinese) subsidiary of Pyunghwa Industrial Co., Ltd.

Reached KRW 100 Billion in Sales

Completed Construction of PyungHwa Industrial R&D Center

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

Divested Stake in Daekyung Hwasung

Acquired Daekyung Hwasung

Signed Technical Partnership & Joint Venture Agreement with NOK-Megulastik (Japan) and Freudenberg (Germany)

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

Established PyungHwa Westar for Woven Hose Production

Designated as a Military Service Exception Company (Chemical Sector)

Established Geonhwa Cultural Foundation

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

Established Technical Partnership with Metzeler Gimetall AG (Germany)

Established Employee Welfare Fund at PyungHwa KiKong

Established PyungHwa Oil Seal R&D Center

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

Established PyungHwa CMB (formerly PyungHwa Co., Ltd.)

PyungHwa Oil Seal Co., Ltd. Established an Employee Welfare Fund

PyungHwa Industrial Co., Ltd. Established 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)

Established PyungHwa Industrial R&D Center (Chemical Engineering)

PyungHwa Oil Seal IPO

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

Established PyungHwa KiKong 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

Established 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

Established PyungHwa Oil Seal Co., Ltd.

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

Established Technical Partnership with NOK (Japan)

Selected as a Defense Material Supplier by MOCIE

Incorporated PyungHwa Industrial Co., Ltd.

Established 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

Designated as a Certified Factory for Automotive Localization by MOCIE

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

Founded PyungHwa Rubber Industry (Produced Eraser Rubber)