Company established

DOOWON Distribution Co., Ltd. established ※ Head office: Nonhyeon-dong, Gangnam-gu, Seoul

PAC A/C Development Review Committee established

Started development of PAC A/C exterior design

Company name changed to DOOWON Machinery Co., Ltd. ※ Head office: Sinsa-dong, Gangnam-gu, Seoul

Completion of DOOWON office building

Technical partnership with Turbo (USA)

Transferred PAC A/C business to DOOWON REFRIGERATION CO.,LTD.

Overseas Business Division established ※ Export of HVAC and fuel products

Hydraulics and Equipment Business Division established

Office building expanded to 13 floors

Withdrawal from Hydraulics and Equipment Business Division ※ Business restructuring (financial crisis)

Jongwan Kim appointed as CEO

Development and sales of automotive air conditioner filters

Head office building designated as a venture building

Expansion of officetel and commercial leasing business

ERP system fully implemented

Received commendation from the Commissioner of the National Tax Service on Taxpayer’s Day

Head office relocated ※ Head office: Dujeong-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do

Annual sales exceeded KRW 100 billion

Acquisition of DOOWON REFRIGERATION Hwaseong Plant ※ Plant: Yanggam-myeon, Hwaseong-si, Gyeonggi-do

Started radiator assembly and sales business for after-sales service

ERP system upgrade completed

Head office relocated ※ Head office: Eumbong-myeon, Asan-si, Chungcheongnam-do

Selected as a “Specialized Trading Company” by the Korea International Trade Association

Annual sales exceeded KRW 200 billion ※ HVAC parts business, Hose & Pipe Business, Real Estate Lease

Completion of research building at Hwaseong Plant ※ Affiliated R&D center

Initial supply to KGM (A/C Hose & Pipe, Hwaseong Plant)

Completion of factory expansion at Asan Headquarters

Completion of laboratory building at Asan Headquarters ※ A/C parts testing and research