About Poongsung

Since its establishment in 1948, Poongsung has achieved continuous growth through its auto-parts and gauge manufacturing business. The company is now gearing up for its second big leap, by studying for a new growth engine. Since its establishment in 1948, Poongsung has achieved continuous growth through its auto-parts and gauge manufacturing business. The company is now gearing up for its second big leap, by studying for a new growth engine.
Starting with the export and import business, Poongsung later established its positioning as a company specializing in the field of auto-parts manufacturing and electric communication devices. Starting with the export and import business, Poongsung later established its positioning as a company specializing in the field of auto-parts manufacturing and electric communication devices.
설립과 과정
1940’s 1948. 10 - Established Poongsung Industrial as a trading company
1950’s 1958. 02 - Incorporated as Poongsung Industrial Co., Ltd.
1960’s 1968. 01 - Poongsung Industrial Co., Ltd. renamed to Poongsung Electric Co. Ltd., and became a comprehensive manufacturer of automobile electronics and telecommunication devices
1969. 12 - Analogue energy meter import contract signed with Osaki Electric Engineering Co., Ltd.
1970’s 1976. 10 - Established Poongsung Precision Co., Ltd. in Changwon City as a joint venture with Denso Co., Ltd. of Japan to start the sale and manufacture of automobile dashboards.
1980’s 1980. 09 - Changwon Plant construction completed
1982. 11 - Acquired KS mark for its KSC1208 energy meters
1986. 04 - Poongsung Precision Co., Ltd. was selected as an emerging export corporation by the Commercial Bank of Korea
1988. 05 - Supplied phone line AMR system to Korea Telecom
The joint venture established with Denso has allowed Poongsung to separate its gauge manufacturing business from its auto-parts business and each departments are specialized . The joint venture established with Denso has allowed Poongsung to separate its gauge manufacturing business from its auto-parts business and each departments are specialized .
변화와 발전
1990’s 1992. 03 - Acquired KS mark for its heat meters
1992. 06 - New headquarters construction completed
1993. 07 - Was awarded the grand prize for national productivity (in automation category)
1994. 04 - Established Poongsung Motors Co., Ltd.
- Poongsung Precision Co., Ltd was awarded the president’s prize for diligent tax payment
1995.03 - Awarded the Iron Tower Industry Award (22nd Day of Commerce)
1995. 11 - Acquired KSA/ISO 9001 certification
1997. 06 - Established Poongsung Electronics Co., Ltd.
1997. 11 - Established Denso Sales Korea Co., Ltd.
2000’s 2000. 08 - Poongsung Electric Co., Ltd. renamed to PS Tec Co., Ltd.
- Automotive parts manufacturing divided to Denso Poongsung Co., Ltd.
- Poongsung Precision Co., Ltd. renamed to Denso Poongsung Electronics Co., Ltd.
2004. 05 - Denso Poongsung Co., Ltd. Hongesong plant construction completed
2005. 06 - PS Tec Co., Ltd. was designated as a New Technology Venture Corporation and Inno-Biz Corporation (Small and Medium-sized Enterprises Administration)
2006. 02 - Denso Poongsung Electronics established Tianjin plant in China
2007. 04 - PS Tec Co., Ltd. was designated as an innovative energy venture firm
2008. 11 - Denso Poongsung Co., Ltd. moved its Seoul plant to Hwaseong
Poongsung is now exploring ways to achieve its second big leap forward. Poongsung is now exploring ways to achieve its second big leap forward.
혁신과 가능성
2010’s 2011. 07 - PS Tec Co., Ltd. was designated as Inno-Biz Grade A (Small and Medium-sized Enterprises Administration)
2012. 01 - Established PS Alliance Co. Ltd.
2013. 04 - Established Daejung Scholarship Foundation
2013. 06 - Joint Venture stakes sold to Denso Co., Ltd.
2013. 07 - Poongsung Motors Co., Ltd. was renamed to Poongsung Co. Ltd.
- Poongsung Electronics Co., Ltd. renamed to Poongsung Holdings Co., Ltd.
2014. 06 - West Pyeongtaek Tank Terminal Co., Ltd. acquired
2016. 04 - PS Tec Co., Ltd. Gimpo plant construction completed, and production line rearranged
2017. 03 - PS Tec Co., Ltd. Naju plant construction completed
2018. 07 - Poongsung Industrial Co., Ltd. renamed to Poongsung Energy Co., Ltd. to start renewable energy business
2019. 08 - POONGSUNG.,LTD. renamed to PSPower Co., Ltd. and started renewable energy power generation and distribution business
2020. 07 - POONGSUNG.,LTD. WPTT(West Pyeongtaek Tank Terminal) stakes sold