Corporate Information
"HWASUNG's LEAP FORWARD TO A BETTER WORLD"
Hwasung Group: Pioneering Innovation, Powering the Future
Since our establishment in 1994, Hwasung Group has been at the forefront of the elevator industry's evolution in Asia, engineering cutting-edge elevator and electronic components through relentless innovation, precision manufacturing, and strategic global expansion.
Building upon our unrivaled expertise and global competitiveness in elevator solutions, we have diversified into industrial electrical and electronic manufacturing, distribution, and logistics, solidifying our reputation as a trusted global partner in high-performance industries.
With 30 years of experience in the global elevator sector, we are dedicated to delivering comprehensive, one-stop solutions tailored to the ever-changing demands of our clients worldwide.
Looking ahead to the next century, we embrace challenges, drive transformative innovation, and push the boundaries of technological excellence.
Our mission is to become the world’s foremost manufacturer, distributor, and logistics leader in electrical, mechanical, and electronic solutions—powering the industries that shape the future.
"At Hwasung, we dream big and we have the strength to open a new tomorrow together"
President
Tony Kim
Management Philosophy & Vision
"Enriching the company, community, and country with creative and innovative products and services"
Customer Centered System
Nurturing Talents
Processing System
Social Responsibility
â–ª Doing our utmost to be a leading company to provide our customers with the best satisfaction and reliability while contributing to the community through continuous challenges, innovation and technological development.
â–ª Treating all employees with respect and dignity.
â–ª Establishing an organized education system and raising creative and talented manpower.
â–ª Inspiring every member to have an owner's mind.
â–ª Focusing on a high-performance business culture.
â–ª Establishing the most optimal processes.
â–ª Building up an organized management system.
â–ª Setting up a sustainable management system, mainly with customers.
â–ª Providing safe and healthy workplaces and protecting the environment are our core responsibilities to our employees and the communities in which we operate.
â–ª Conducting ethical business will lead to increased trust, more collaborative working relationships and more efficient processes—all leading to better decisions and optimal results.
History
1994. 07.
1999. 03.
2000. 05.
2003. 11.
2004. 08.
2005. 07.
2006. 09.
2008. 03.
2009. 04.
2009. 12.
2010. 05.
2009. 04.
2009. 12.
2010. 05.
2011. 07.
2009. 12.
2012. 05.
2010. 05.
2011. 07.
2009. 12.
2012. 05.
2012. 12.
2012. 12.
2013. 03.
2014. 07.
2015. 03.
2015. 07.
2016. 08.
2018. 01.
2023. 04.
2024. 01.
2024. 03.
2024. 07.
2024. 11.
2025. 01.
Establishment of Hwasung Electricity Co.
Obtained patent for Fluorescence Coating Chain
Invented Turning Machine & Twist protection device for Elevator Chain / Invented Luminous Coated Wire Rope
Obtained ISO 9001 & ISO 14001
Became Supplier for LS Electric (Now OTIS Elevator)
Obtained Q â…¢ certification from OTIS LG
Signed in an export contract with SINGAPORE SIGMA
Won an official commendation by the Minister of Knowledge Economy Korea
Establishment of sisterhood with the MECENAT council
Moved Headquarters to Free Trade Zone in Masan
Changed the company name to HwaSung G&I
Establishment of sisterhood with the MECENAT council
Moved Headquarters to Free Trade Zone in Masan
Changed the company name to HwaSung G&I
Became Supplier for Thyssen Krupp Elevator
Moved Headquarters to Free Trade Zone in Masan
Certified by Innobiz, Received Top Trade Award
Changed the company name to HwaSung G&I
Became Supplier for Thyssen Krupp Elevator
Moved Headquarters to Free Trade Zone in Masan
Certified by Innobiz, Received Top Trade Award
Acquired OTIS Changwon Manufacturing Line
Built a 2nd Factory in Masan FTZ
Opened up a new R&D Department Office
Became Supplier for WILO Group (Industrial Pump)
Became Supplier for HANLA IMS (Vessel)
Began Exporting to North America, Europe, Middle East, and East Asia
Establishment of Hwasung G&G VINA (Vietnam HQ)
Became Supplier for GS Elevator / VGSI
Became Supplier & Partner for LS Cable & Systems
Establishment of Hwasung Group Inc (USA HQ)
Became Supplier for OTIS Elevator NA Division
Became Logistics Partner for Hyundai Transys USA
Awarded as Global Strategic Supplier for OTIS Global
Became Supplier for Hanhwa Precision Machine
Patents, Awards & Certifications
"At Hwasung, we bring quality to our production processes, our innovation, and our environmental management system."
