Not only did we passed the antifreeze standard of General Motors US two years after the foundation, but also are developing and producing products that meet diverse special standards of car makers such as Hyundai?KIA?GM Daewoo?Ssangyong?Renault Samsung Motors. With the quality approval of the in-house technology, our company was designated as a venture company, a Company Specialized in Parts & Materials, and a Medium & Small Enterprise of Technology Innovative Type (INNO-BIZ), etc. Currently we are leading the fine chemical industry, supplying the Korean top five automakers with antifreeze, brake fluid, windshield washer fluid, and authentic parts for A/S.
In particular, the CROWN mark, the antifreeze developed in-house, has more than 55% of the domestic market share, and the quality and safety of the brake fluid achieved recognition to be exclusively used for the exporting cars, taking 88% of the domestic market share.
The Technology Research Institute consisting of 30% of the entire employees made a splendid achievement of successful development of ten-year durable antifreeze, the cutting edge technology by radically investing 10% of sales, through which we are contributing to the enhancement of technology competitiveness of Korean-made cars.
Also the environment-friendly technology of the Technology Research Institute makes us be born again as the company specialized in fine chemistry sector with the background of the government support of alternative energy technology development business, the solar energy system, and the technology project of cold, warm heat transfer fluid for special purpose.
Thus Kukdong Jeyen internally completed the construction of a plant in Poseung Industrial Complex, Pyeongtaek in October 2004 and after enlarging it in November 2009, the plant in Busan was moved to Pyengtaek. Then In new facilities and environment, we are developing the Korean automobile culture with love for car industry and fine chemistry.
Externally also for continuous growth, we focused on overseas markets. Beginning with Shanghai China, we established local subsidiaries in India, and Europe, etc., constructing overseas production bases. We are developing overseas networks through establishing technology partnership in US, and Russia, as well as Asia including China.