Daewon Kang Up Co., Ltd. is a specialized manufacturer of vehicle suspension springs and seats, established in 1946. An automotive parts company with over 80 years of history. It is the world's only comprehensive spring maker with an integrated production system covering material development, product design, production, equipment, and technology provision. The company holds over 80% market share in the domestic spring market, leading the global automotive parts industry.DaewonKangUpCo.,Ltd.isaspecializedmanufacturerofvehiclesuspensionspringsandseats,establishedin1946.Anautomotivepartscompanywithover80yearsofhistory.Itistheworld'sonlycomprehensivespringmakerwithanintegratedproductionsystemcoveringmaterialdevelopment,productdesign,production,equipment,andtechnologyprovision.Thecompanyholdsover80%marketshareinthedomesticspringmarket,leadingtheglobalautomotivepartsindustry.
Key Products/TechnologiesKeyProducts/Technologies
Suspension Springs: Key components for vehicle ride comfort and balance, including coil springs, leaf springs, stabilizer bars, torsion bars, and air springs. Possesses technology for the world's first hot forming process for side-load coil springs and mini-block coil springs, including development and mass production.SuspensionSprings:Keycomponentsforvehicleridecomfortandbalance,includingcoilsprings,leafsprings,stabilizerbars,torsionbars,andairsprings.Possessestechnologyfortheworld'sfirsthotformingprocessforside-loadcoilspringsandmini-blockcoilsprings,includingdevelopmentandmassproduction.
Precision Springs: High-precision components such as engine valve springs, engine valve cotters, auto clutch return springs, various wire springs, flat springs, IT springs, and rebound springs. Capable of producing ultra-precision thin plate springs for IT-related devices.PrecisionSprings:High-precisioncomponentssuchasenginevalvesprings,enginevalvecotters,autoclutchreturnsprings,variouswiresprings,flatsprings,ITsprings,andreboundsprings.Capableofproducingultra-precisionthinplatespringsforIT-relateddevices.
Industrial Springs: High-quality compression coil springs used in press molds and injection molds for various manufacturing facilities, including die springs and disc springs.IndustrialSprings:High-qualitycompressioncoilspringsusedinpressmoldsandinjectionmoldsforvariousmanufacturingfacilities,includingdiespringsanddiscsprings.
Spring Materials: In-house material development and processing capabilities for round bars, flat bars, and other spring materials.SpringMaterials:In-housematerialdevelopmentandprocessingcapabilitiesforroundbars,flatbars,andotherspringmaterials.
Vehicle Seats: Modular products prioritizing passenger safety and comfort, including passenger car seats, heavy equipment seats, railway vehicle seats, and high-speed railway seats. Track record of developing and producing KTX seats.VehicleSeats:Modularproductsprioritizingpassengersafetyandcomfort,includingpassengercarseats,heavyequipmentseats,railwayvehicleseats,andhigh-speedrailwayseats.TrackrecordofdevelopingandproducingKTXseats.
Seat Mechanisms: Advanced functional components such as tracks, recliners, height adjusters, headrests, pumping devices, active headrests, magnesium frames, and seat assemblies. Technology for developing ultra-lightweight seats using magnesium plates for improved fuel efficiency.SeatMechanisms:Advancedfunctionalcomponentssuchastracks,recliners,heightadjusters,headrests,pumpingdevices,activeheadrests,magnesiumframes,andseatassemblies.Technologyfordevelopingultra-lightweightseatsusingmagnesiumplatesforimprovedfuelefficiency.
Integrated Production System: A specialized system encompassing all stages from material development to product design, production, equipment manufacturing, and technology provision for springs and seat products.IntegratedProductionSystem:Aspecializedsystemencompassingallstagesfrommaterialdevelopmenttoproductdesign,production,equipmentmanufacturing,andtechnologyprovisionforspringsandseatproducts.
Future Eco-friendly Vehicle Parts: Technology to meet the demand for high-strength, high-durability springs due to the expansion of electric vehicles and SUVs. Expansion of eco-friendly vehicle parts supply through entry into the drive motor core new business.FutureEco-friendlyVehicleParts:Technologytomeetthedemandforhigh-strength,high-durabilityspringsduetotheexpansionofelectricvehiclesandSUVs.Expansionofeco-friendlyvehiclepartssupplythroughentryintothedrivemotorcorenewbusiness.
Core AdvantagesCoreAdvantages
Over 70 Years of History and Accumulated Technology: Unrivaled expertise and know-how in the spring and seat sectors since its establishment in 1946.Over70YearsofHistoryandAccumulatedTechnology:Unrivaledexpertiseandknow-howinthespringandseatsectorssinceitsestablishmentin1946.
Establishment of the World's Only Integrated Spring Production System: A system that independently performs all processes from material development to product design, production, equipment manufacturing, and technology provision.EstablishmentoftheWorld'sOnlyIntegratedSpringProductionSystem:Asystemthatindependentlyperformsallprocessesfrommaterialdevelopmenttoproductdesign,production,equipmentmanufacturing,andtechnologyprovision.
Dominant Share in the Domestic Market: A leading position, supplying over 80% of the domestic automotive spring market.DominantShareintheDomesticMarket:Aleadingposition,supplyingover80%ofthedomesticautomotivespringmarket.
Global Production and R&D Network: Global supply chain and technology development capabilities through overseas subsidiaries and R&D centers in the USA, Mexico, Poland, India, Russia, China, and Detroit, Frankfurt.GlobalProductionandR&DNetwork:GlobalsupplychainandtechnologydevelopmentcapabilitiesthroughoverseassubsidiariesandR&DcentersintheUSA,Mexico,Poland,India,Russia,China,andDetroit,Frankfurt.
Innovative Technology Development Capabilities: Continuous technological innovation, including the world's first hot forming process for side-load coil springs and the development of ultra-lightweight magnesium seats.InnovativeTechnologyDevelopmentCapabilities:Continuoustechnologicalinnovation,includingtheworld'sfirsthotformingprocessforside-loadcoilspringsandthedevelopmentofultra-lightweightmagnesiumseats.
Expansion into Diverse Industrial Sectors: Diversified portfolio supplying products to a wide range of industries, including automotive, railway, heavy equipment, industrial machinery, and ultra-precision IT components.ExpansionintoDiverseIndustrialSectors:Diversifiedportfoliosupplyingproductstoawiderangeofindustries,includingautomotive,railway,heavyequipment,industrialmachinery,andultra-precisionITcomponents.
Global Quality Certifications and Customer Trust: Acquisition of international standard quality and environmental management system certifications such as IATF 16949, ISO 14001, ISO 9001, QS9000, and IRIS. Long-term cooperative relationships with leading global automakers like Hyundai Motor Group, GM, Volkswagen, and BMW.GlobalQualityCertificationsandCustomerTrust:AcquisitionofinternationalstandardqualityandenvironmentalmanagementsystemcertificationssuchasIATF16949,ISO14001,ISO9001,QS9000,andIRIS.Long-termcooperativerelationshipswithleadingglobalautomakerslikeHyundaiMotorGroup,GM,Volkswagen,andBMW.
Target IndustrieTargetIndustrie
Automotive Industry: Supply of suspension springs and seat components for various vehicles, including passenger cars, heavy equipment, electric vehicles, and SUVs.AutomotiveIndustry:Supplyofsuspensionspringsandseatcomponentsforvariousvehicles,includingpassengercars,heavyequipment,electricvehicles,andSUVs.
Railway Industry: Supply of springs and seats for railway vehicles and high-speed trains.RailwayIndustry:Supplyofspringsandseatsforrailwayvehiclesandhigh-speedtrains.
Industrial Machinery: Supply of industrial springs used in various manufacturing facilities, such as press molds and injection molds.IndustrialMachinery:Supplyofindustrialspringsusedinvariousmanufacturingfacilities,suchaspressmoldsandinjectionmolds.
IT-related Devices: Supply of precision spring components, including ultra-precision thin plate springs.IT-relatedDevices:Supplyofprecisionspringcomponents,includingultra-precisionthinplatesprings.
Civil Engineering and Construction: Supply of spring components applied in specific civil engineering and construction structures.CivilEngineeringandConstruction:Supplyofspringcomponentsappliedinspecificcivilengineeringandconstructionstructures.
Major MarketsMajorMarkets
China, India, South VietnamChina,India,SouthVietnam
Poland, Russia, GermanyPoland,Russia,Germany
United States, MexicoUnitedStates,Mexico
ColombiaColombia
Certifications/PatentsCertifications/Patents
ISO 9001 (Quality Management System): Certification for vehicle springs and seat products.ISO9001(QualityManagementSystem):Certificationforvehiclespringsandseatproducts.
ISO 14001 (Environmental Management System): Certification for Changwon plant and spring/seat divisions.ISO14001(EnvironmentalManagementSystem):CertificationforChangwonplantandspring/seatdivisions.
IATF 16949 (Automotive Quality Management System): Certification for spring and seat divisions.IATF16949(AutomotiveQualityManagementSystem):Certificationforspringandseatdivisions.
QS9000 (US Big 3 Automotive Quality Standard): Quality certification for targeting the North American market.QS9000(USBig3AutomotiveQualityStandard):QualitycertificationfortargetingtheNorthAmericanmarket.
IRIS (International Railway Industry Standard): Quality and management system certification in the railway industry.IRIS(InternationalRailwayIndustryStandard):Qualityandmanagementsystemcertificationintherailwayindustry.
ISO 22301 (Business Continuity Management System): Certification for business continuity management system acquired in December 2019.ISO22301(BusinessContinuityManagementSystem):CertificationforbusinesscontinuitymanagementsystemacquiredinDecember2019.
Korean New Technology (KT) Mark: Certification for bolsterless air spring technology for railway vehicle suspension systems.KoreanNewTechnology(KT)Mark:Certificationforbolsterlessairspringtechnologyforrailwayvehiclesuspensionsystems.
Technological Strength: Localization of hot forming equipment and products for automotive coil springs, particularly the development and mass production technology of the world's first hot forming process for side-load coil springs and mini-block coil springs.TechnologicalStrength:Localizationofhotformingequipmentandproductsforautomotivecoilsprings,particularlythedevelopmentandmassproductiontechnologyoftheworld'sfirsthotformingprocessforside-loadcoilspringsandmini-blockcoilsprings.
Introduction
Location
114-41 Osong 1-gil, Seonggeo-eup, Seobuk-gu, Cheonan, Chungcheongnam-do, South Korea
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Information
114-41 Osong 1-gil, Seonggeo-eup, Seobuk-gu, Cheonan, Chungcheongnam-do, South Korea