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 Overview

The 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 Criteria

1. Preliminary Evaluation

Conducted by a specialized technical subcommittee, this stage assesses eligibility requirements, technological excellence, and the accuracy and credibility of submitted documentation.

2. Comprehensive Evaluation

Based 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.