Myunghwa Co., Ltd. is a specialized company that has focused on the automotive parts industry for over 60 years since its establishment in 1957, producing engine, transmission, chassis, and electrical components. The company achieves customer satisfaction through continuous technological innovation and quality improvement, growing into a global automotive parts specialist by supplying components to major domestic and international finished vehicle manufacturers.MyunghwaCo.,Ltd.isaspecializedcompanythathasfocusedontheautomotivepartsindustryforover60yearssinceitsestablishmentin1957,producingengine,transmission,chassis,andelectricalcomponents.Thecompanyachievescustomersatisfactionthroughcontinuoustechnologicalinnovationandqualityimprovement,growingintoaglobalautomotivepartsspecialistbysupplyingcomponentstomajordomesticandinternationalfinishedvehiclemanufacturers.
Key Products/TechnologiesKeyProducts/Technologies
Engine Parts: Development and production of core powertrain components such as engine oil pumps, TCCM (Timing Chain Cover Module), engine water pumps, engine fuel pumps, and BSM (Balance Shaft Module). The company possesses advanced technology in oil pumps and water pumps through independent technological development and international technical alliances.EngineParts:Developmentandproductionofcorepowertraincomponentssuchasengineoilpumps,TCCM(TimingChainCoverModule),enginewaterpumps,enginefuelpumps,andBSM(BalanceShaftModule).Thecompanypossessesadvancedtechnologyinoilpumpsandwaterpumpsthroughindependenttechnologicaldevelopmentandinternationaltechnicalalliances.
Transmission Parts: Manufacturing essential components for power transmission and cutoff in automatic transmissions, including auto transmission oil pumps, input shafts, planet carriers, and auto transmission drums.TransmissionParts:Manufacturingessentialcomponentsforpowertransmissionandcutoffinautomatictransmissions,includingautotransmissionoilpumps,inputshafts,planetcarriers,andautotransmissiondrums.
Chassis Parts: Production of chassis components critical for vehicle driving stability and braking performance, such as brake hubs, knuckle & carriers, brake discs, brake drums, and axle assemblies. Successful localization of high-difficulty components like knuckle and carrier assemblies and brake corner modules.ChassisParts:Productionofchassiscomponentscriticalforvehicledrivingstabilityandbrakingperformance,suchasbrakehubs,knuckle&carriers,brakediscs,brakedrums,andaxleassemblies.Successfullocalizationofhigh-difficultycomponentslikeknuckleandcarrierassembliesandbrakecornermodules.
Electrical Components: Development and mass production of electric control components like EWP (Electric Water Pump) and EOP (Electric Oil Pump) to address the eco-friendly vehicle parts market. The Canned Motor Type Electric Water Pump, in particular, is applied to fuel cell/electric/hybrid/internal combustion engine vehicles, contributing to fuel efficiency improvement and exhaust gas reduction.ElectricalComponents:DevelopmentandmassproductionofelectriccontrolcomponentslikeEWP(ElectricWaterPump)andEOP(ElectricOilPump)toaddresstheeco-friendlyvehiclepartsmarket.TheCannedMotorTypeElectricWaterPump,inparticular,isappliedtofuelcell/electric/hybrid/internalcombustionenginevehicles,contributingtofuelefficiencyimprovementandexhaustgasreduction.
Core AdvantagesCoreAdvantages
Over 60 Years of Experience and Accumulated Technology: Possessing stable product manufacturing and technology development capabilities based on long-standing experience and know-how in the automotive parts sector since its foundation in 1957.Over60YearsofExperienceandAccumulatedTechnology:Possessingstableproductmanufacturingandtechnologydevelopmentcapabilitiesbasedonlong-standingexperienceandknow-howintheautomotivepartssectorsinceitsfoundationin1957.
Localization and Independent Development Capabilities for Core Components: Participation in the localization of Kia Motors' brake drums, water pumps, and oil pumps since the 1970s, and achieving independent technological capabilities such as localizing knuckles for the Grandeur in 1992 and developing axle assemblies.LocalizationandIndependentDevelopmentCapabilitiesforCoreComponents:ParticipationinthelocalizationofKiaMotors'brakedrums,waterpumps,andoilpumpssincethe1970s,andachievingindependenttechnologicalcapabilitiessuchaslocalizingknucklesfortheGrandeurin1992anddevelopingaxleassemblies.
Global Production and Supply Network: Operating manufacturing facilities in Ansan, Ulsan, and Asan in Korea, establishing overseas subsidiaries in China (Wuxi, Beijing), India, and Mexico, and supplying products to global markets through a US branch.GlobalProductionandSupplyNetwork:OperatingmanufacturingfacilitiesinAnsan,Ulsan,andAsaninKorea,establishingoverseassubsidiariesinChina(Wuxi,Beijing),India,andMexico,andsupplyingproductstoglobalmarketsthroughaUSbranch.
Continuous R&D and Investment in Technological Innovation: Concentrating efforts on developing new technologies and manufacturing methods since the establishment of its R&D center in 1991, and introducing leading technologies such as entering the aluminum die-casting business and forming a technical alliance for COBAPRESS.ContinuousR&DandInvestmentinTechnologicalInnovation:ConcentratingeffortsondevelopingnewtechnologiesandmanufacturingmethodssincetheestablishmentofitsR&Dcenterin1991,andintroducingleadingtechnologiessuchasenteringthealuminumdie-castingbusinessandformingatechnicalallianceforCOBAPRESS.
Acquisition of Various Quality and Environmental Certifications: Demonstrating product reliability and manufacturing process excellence through numerous international quality and environmental management system certifications, including ISO 9001, ISO 14001, QS 9000, ISO/TS 16949, IATF 16949, and OHSAS 18001.AcquisitionofVariousQualityandEnvironmentalCertifications:Demonstratingproductreliabilityandmanufacturingprocessexcellencethroughnumerousinternationalqualityandenvironmentalmanagementsystemcertifications,includingISO9001,ISO14001,QS9000,ISO/TS16949,IATF16949,andOHSAS18001.
Strong Partnerships with Major Finished Vehicle Manufacturers: Supplying components to key domestic clients such as Hyundai Motor, Kia Motors, Hyundai Mobis, and LG Electronics, and exporting to overseas finished vehicle manufacturers including Mercedes-Benz (Germany), Chrysler (USA), and Mitsubishi Motors (Japan), establishing a solid customer base.StrongPartnershipswithMajorFinishedVehicleManufacturers:SupplyingcomponentstokeydomesticclientssuchasHyundaiMotor,KiaMotors,HyundaiMobis,andLGElectronics,andexportingtooverseasfinishedvehiclemanufacturersincludingMercedes-Benz(Germany),Chrysler(USA),andMitsubishiMotors(Japan),establishingasolidcustomerbase.
Target IndustrieTargetIndustrie
Automotive Industry: Supplying engine, transmission, chassis, and electrical components for all types of two-wheeled and four-wheeled vehicles, including passenger cars and commercial vehicles.AutomotiveIndustry:Supplyingengine,transmission,chassis,andelectricalcomponentsforalltypesoftwo-wheeledandfour-wheeledvehicles,includingpassengercarsandcommercialvehicles.
Eco-friendly Vehicle Industry: Applying electrical components such as Electric Water Pumps (EWP) and Electric Oil Pumps (EOP) for future mobility, including electric vehicles, hydrogen fuel cell vehicles, and hybrid vehicles.Eco-friendlyVehicleIndustry:ApplyingelectricalcomponentssuchasElectricWaterPumps(EWP)andElectricOilPumps(EOP)forfuturemobility,includingelectricvehicles,hydrogenfuelcellvehicles,andhybridvehicles.
Obtained ISO 14001 certification (Korea Management Association Registration Inc.) (1999).ObtainedISO14001certification(KoreaManagementAssociationRegistrationInc.)(1999).
Acquired QS 9000 certification (Korea Management Association Registration Inc.) (1999).AcquiredQS9000certification(KoreaManagementAssociationRegistrationInc.)(1999).
Obtained ISO 9001 certification (Korea Management Association Registration Inc.) (1996).ObtainedISO9001certification(KoreaManagementAssociationRegistrationInc.)(1996).
Obtained OHSAS 18001 certification (Korea Management Association Registration Inc.) (2013).ObtainedOHSAS18001certification(KoreaManagementAssociationRegistrationInc.)(2013).
Awarded IR52 Jang Young Sil Award (2014, 2020).AwardedIR52JangYoungSilAward(2014,2020).
Received Three Hundred Million Dollars Export Award (2015).ReceivedThreeHundredMillionDollarsExportAward(2015).
Selected as a World Class 300 company (2013).SelectedasaWorldClass300company(2013).
Awarded Gold Tower Order of Industrial Service Merit (2011).AwardedGoldTowerOrderofIndustrialServiceMerit(2011).
Received Automotive Parts Industry Grand Prize (2017).ReceivedAutomotivePartsIndustryGrandPrize(2017).
Awarded R&D Excellent Partner in "VE Innovation" category (2017).AwardedR&DExcellentPartnerin"VEInnovation"category(2017).
Received Global Quality Management Award (2016).ReceivedGlobalQualityManagementAward(2016).
Awarded Presidential Award for independent oil pump development (1987).AwardedPresidentialAwardforindependentoilpumpdevelopment(1987).
Enhanced technological competitiveness through technical alliances for oil pumps with Germany's SHW and Japan's Omori Tekkosho.EnhancedtechnologicalcompetitivenessthroughtechnicalalliancesforoilpumpswithGermany'sSHWandJapan'sOmoriTekkosho.
Secured chassis parts manufacturing technology through a COBAPRESS technical alliance with France's Saint Jean Industries.SecuredchassispartsmanufacturingtechnologythroughaCOBAPRESStechnicalalliancewithFrance'sSaintJeanIndustries.
Possesses research achievements such as evaluating casting quality behavior through aluminum melt injection speed control.Possessesresearchachievementssuchasevaluatingcastingqualitybehaviorthroughaluminummeltinjectionspeedcontrol.
Introduction
Location
55 Dusan-ro, Geumcheon District, Seoul, South Korea
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Information
55 Dusan-ro, Geumcheon District, Seoul, South Korea