
Corporate Information
Message from the President & CEO
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, trading, distribution, and logistics, solidifying our reputation as a trusted global partner in high-performance industries.
With 30 years of experience in the global elevator & Industrial 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 global partner, powering the industries that shape the future.
"At Hwasung, we dream big and we have the strength to open a new tomorrow together"

President & CEO
Tony Kim
Message from the CFO & Vice-President

CFO & VP of Operations
Eric Kim
THE 7 CORE VALUES OF HWASUNG
I. We exist to create value for our customers.
Competitive pricing, breadth of choice, uncompromising quality, and an exceptional customer experience. Through these we enrich the lives of those we serve. All else is secondary.
II. We pursue progress that benefits the customer.
Innovation, application, and advancement in manufacturing technology are not ends in themselves. Their purpose is to deliver measurable advantage to our customers, and in that purpose we find our true satisfaction.
III. One Hwasung Worldwide.
Our strength lies in the fellowship of our people. What is achieved in harmony endures. Across the United States, South Korea, Vietnam and Japan we remain a single company with a single standard.
IV. We hold to the pioneer's spirit and hardball mentality
We accept challenges others consider impossible. We set the higher objective, and we prevail.
V. We work with conviction, dedication, and passion.
Enduring enterprises are built by those who give their full commitment to the work.
VI. We manage with simplicity and clarity.
Complexity is a cost we decline to bear. We select few priorities and concentrate our full resources upon them.
VII. We advance the standing of the nations and cultures in which we operate.
Wherever Hwasung does business, our conduct and our contribution should raise the prestige of that country and honor its culture.
History of Hwasung

1994. 07.
1999. 03.
2000. 05.





2003. 11.
2004. 08.
2005. 07.
2006. 09.
2008. 03.
2009. 04.
2009. 12.
2010. 05.
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.
by Founder & Chairman Mr. Won Cheol Kim
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 LG Elevator (Now OTIS Korea)
Obtained Q Ⅲ 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
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 Hanwha Precision Machine
Our Team Worldwide
Patents, Awards & Certifications
"At Hwasung, we bring quality to our production processes, our innovation, and our environmental management system."
















