Market Penetration
Automotive DC motor
Success of the first domestic production (‘ 86)
- 1973.
- Established as Samyoung Electric Co., Ltd
- 1977.
- Company Name Changed as Hyoseong Electric Co., Ltd.
- 1982.
- Developed Blower Motor for Bongo series
- 1986.
- Developed Blower Motor for passenger vehicles
(Hyundai Excel and Stellar) - 1987.
- Established a joint Venture with Sugiyama of Japan
Market Entry
The beginning of DC motor export (‘95)
The first development of ABS DC motor in Korea (‘94)
- 1990.
- Established as Hyoseong precision Co., Ltd.
- 1993.
- New plant, Jeonggwan Busan constructed and relocated
- 1994.
- R&D Center established
- The first development of ABS DC Motor in Korea
- 1995.
- Started exporting Blower Motor to Japan for the first time in Korea
- 1997.
- Started exporting to GM in Canada and to GM & Ford in Australia
- 1999.
- Started exporting Blower DC Motor directly to Delphi in North America
- 2000.
- C.C.F (Condenser Cooling Fan) Motor developed
Growth
Build a global production base
Acquire Quality Competitiveness
- 2001.
- Established Ulsan facility (2nd plant)
- 2003.
- Established Hyoseong Tianjin Electric Co., Ltd(HST) in China
- 2004.
- Acquired ISO/TS16949:2002 certification (KFQ)
- 2005.
- Established Hyoseong America Corporation(HSAC) in US
- Developed EPS DC Motor for the first time in Korea
- 2006.
- Designated as C.C.C supplier by GM with HVAC Blower Motor
(C.C.C: Corporate Common Component) - 2007.
- Established Hyoseong Electric India Private Ltd(HSI) in India
- 2009.
- Established Hyoseong Europe GmbH in Europe (HSE)
- 2010.
- Exported BLDC ABS Motor export to German FIAT
Stabilization
Acceleration of overseas production base.
Core business reinforcement by region
- 2011.
- Established Hyoseong Zhida Electric Co., Ltd, joint corporation (HSZD)
- 2012.
- Established Tech Center in Shanghai, China
- Acquired GM QSB, quality system certification
- 2013.
- Established Hyoseong Baicheng(China Gillimseong) joint corporation
Reorganization
Jumping to Global motor manufacturing company
- 2014.
- Hyoseong Electric Co., Ltd relocated to Jangan, Busan
- Hyoseong precision co., Ltd. merged by Hyoseong Electric Co., Ltd
- Selected as a Global Leading Company by Korea industrial complex Corp.
- 2015.
- Completed India factory and started production
- Awarded Quality management excellence by Busan City Administration
- Won a Prize , “The 50 million dollar export tower” as a Best Exporter by Ministry of Industry and trade
- Won a Prize , “Golden tower” as a Best Exporter by President
- 2016.
- Selected as a company for World Class 300 programs by Small and Medium Business Administration
- Selected as a company for Global Entrepreneur Program by Ministry of trade
- Awarded 2016 Business Award in Auto parts industry
- Selected as a company for Korea Hidden Champion Entrepreneur Business by Export-Import Bank of Korea
- 2017.
- Selected as a leading company with Honor in strategic industry by Busan City Administration
- Awarded “Best Supplier Award Innovation” by Hanon System
(Hyoseong America Corporation )
