Ryu, Yang-Seok, Chairman of "2016 Korea Economic Leader" future management Grand Prize awarded

 - Finding the Future in Global Markets -

 The Chairman, Ryu, Yang-Seok of Seoyon E-Hwa CO. LTD was awarded the Grand prize in the Future management category at the 2016 Korea Economic Leadership Awards held at the Hilton Hotel in Seoul on October 14th 2016.

 The '2016 Korea Economic Leader' is host by the JoongAng Daily and the Economist, sponsored by JTBC, Ministry of Science, ICT and Future Planning and Ministry of Trade, Industry and Energy. Ryu, Yang-Seok gets awarded for 2 consecutive years with the evaluation of pursuing future oriented management through overseas market development and research and development.

 With the success of the global management by the chairman, Ryu, Yang-Seok, Seoyon E-Hwa has been expanding from 7 overseas subsidiaries in 2006 to 16 overseas subsidiaries in 2016 and more than 60% of its revenues from overseas. In 2016, Seoyon E-Hwa will achieve KRW 3 trillion in sales after achieving KRW 2 trillion in sales in 2012. Including the main customer, Hyundai Kia Motors, our main customer, Seoyon E-Hwa is increasing orders from world-renowned automakers such as Ford, Volkswagen, Benz and Renault Nissan.

 In order to improve the expertise and management efficiency of each business division, it was restructured those business structure into a holding company, “Seoyon” in July 2014. In January of 2016, it launched the integrated R&D center in Pyeongchon, Anyang city that has R&D center of Seoyn E-Hwa, Seoyon Electronics, Seoyon Intech so Seoyon E-Hwa is concentrating those R&D capabilities with the affiliates and creating synergies in research and development activities of future leading technologies such as fusion.