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Brief History

> About us > Brief History

the history of Korloy is that of the carbide cutting tool industry in south Korea.

2010

  • 2016. 07. Won Bronze Medal of Industrial Effort (Hye-seop Yoon, Chairlady)
  • 2015. 11. Won the 22nd Corporate Innovation Grand prize (Korea Chamber of Commerce & Industry Chairman prize)
  • 2015. 09. Established the Tool Holder plant in CheongJu factory
  • 2015. 07. Established Seoul R&D institute
  • 2014. 10. Participated international job fair and hired internationals (2013~ /from KOTRA)
  • 2014. 06. Established the Endmill & Drill plant in CheongJu factory.
  • 2014. 01. Selected as WORLD CHAMP business operator (2011~2015/ from KOTRA)
  • 2013. 08. Acquired the Accident Free Record(2,000 days) Certificate(Jincheon factory)
  • 2013. 06. Extablished Korloy BRAZIL Inc.
  • 2012. 11. Received the USD 70 Million Export Tower.
  • 2012. 08. Established Korloy Factory Qindao Inc.(China)
  • 2012. 07. Published KORLOY Character.
  • 2012. 05. Selected as hidden Champion business operator from The Export-Import Bank of Korea
  • 2011. 12. Acquired the 1st grade as precision technology manufacturer
  • 2011. 11. Extablished Korloy INDIA Inc.
  • 2011. 07. Established the 2nd processing plant in Jincheon factory
  • 2011. 06. Received the Country of Origin Proof Certificate
  • 2011. 05. Selected as a World Champ manufacturer
  • 2011. 02. Acquired AS9100 Certificate
  • 2010. 12. Established Korloy Technical Center
  • 2010. 11. Established utilization of ERP
  • 2010. 04. Established Korloy Europe Gmbh (Germany)

2005

  • 2009. 10. Acquired ISO14001 Certificate
  • 2008. 12. Received the USD 50 Million Export Tower
  • 2008. 09. Selected as BEST HRD company
  • 2007. 12. Extablished Korloy America Inc.
  • 2007. 12. Certified as NET(New Excellent Technology)
  • 2006. 11. Received the USD 30 Million Export Tower
  • 2006. 10. Completed comstruction of the company building in Doksan-Dong
  • 2006. 03. Awarded the prize of Exemplary Taxpayer
  • 2005. 04. Established a building for manufacturing in Jincheon factory and Moved production line

2000

  • 2001 ~ 2004 Selected as a company having Quality competitiveness for 4 years continuously
  • 2004. 11. Received the USD 20 Million Export Tower
  • 2004. 09. Acquired EM(Excellent Material) Mark on ‘CVD COATED TURNING INSERT WITH TiCN FILM’
  • 2004. 06. Acquired EM(Excellent Material) Mark on ‘FUTURE MILL’
  • 2004. 05. Certified as an Excellent Manufaturer of Parts & Material
  • 2004. 03. Extablished a building for Welfare in Jincheon factory
  • 2003. 09. Certified as a Technical Venture company
  • 2002. 12. Selected as a company having outstanding technology
  • 2002. 10. Awarded Dasan Technology Prize
  • 2002. 09. Acquired the Accident Free Record(2,050 days) Certificate
  • 2002 ~ 2008 Selected as INNO-BIZ(Innovation Business)
  • 2001. 11. Received the USD 10 Million Export Tower
  • 2001. 09. Acquired KT mark of cenmet grade, CN200
  • 2001. 04. Taken out an American Patent Letter fot the AK Chip Breaker
  • 2000. 03. Selected as company having best R&D center
  • 2000. 02. Seleted as an outstanding minor enterprise
  • 2000, 2003 Nominated as a company having Excellent Technology Competitiveness
  • 2000. 03. Renewal of ISO9001(2000) Certificate

1990

  • 1999. 10. Received the IR52 Award
  • 1999. 02. Awarded the Best R&D
  • 1998. 12. Recognized for Our Labor Union
  • 1998. 11. Received the USD 5 Million Export Tower
  • 1998. 05. Started the C3 Campaign
  • 1997 ~ 1999 Nominated continuously as one of the Best 50 Excellent Quality Product Manufacturers
  • 1997. 09. Won official commendation for developing qualified domestic products
  • 1997. 03. Acquired ISO9001 Certification
  • 1996. 10. Acquired EM(Excellent Material) Mark of inserts for milling, carbide drill, and cerment cutting tool
  • 1996. 05. Acquired KT(Korea new Technology certificate) of cermet grades, CN20 and CN30
  • 1995. 01. Installed Electronic Payment System and MRP
  • 1994 ~ 1995 Established Powder Processing Line & Alloy, Press, Sintering Line in Jincheon Factory
  • 1992. 07. Starting Increasing 10% Procuctivity Campaign
  • 1992. 02. Awarded Best Fruitful Work Place Prize
  • 1990. 11. Awarded Productivity Grand Prize

1980

  • 1989. 08. Established a building for the gerneral affairs in Cheongju factory
  • 1989. 06. Starting of KI21(Korloy Identity 21C) Campaign
  • 1987. 07. Changed the company name from Hangook Metallurgy Inc. to Korloy Inc. and changed the company logo
  • 1987. 06. Established R&D institute
  • 1986. 06. Introduced computers for the first time
  • 1985. 12. Acquired the accident free record (600,000 hours) certificate
  • 1983. 06. Selected as an apromising company
  • 1982. 04. Awarded Saemaul Campaign Prize
  • 1981. 03. The late Mr. Lim, Sang Jin was appointed the CEO of KORLOY
  • 1980. 08. Selected as a company trying to be modernized

1975

  • 1979. 12. Nominated as one of the best 10 manufacturers with excellent management
  • 1979. 12. Awarded Quality Management Prize
  • 1979. 05. Starting Active Use of Experience Campaign
  • 1978. 10. Awarded Quality Managemant Prize
  • 1977. 08. Selected as a specrified machine factory for minor enterprises
  • 1977. 07. Firstly attended an international exhibition in Philipine
  • 1977. 06. Acquired KS(Korea industrial Standards)
  • 1977. 06. Established a factory for precision machining
  • 1976. 09. Nominated as a Company having the Good Welfare System(by the Presisdent)
  • 1976. 04. The localization of mixed powder and started production of cemented carbide insert
  • 1975. 08. Extablished a vacuous sinterling furnace
  • 1975. 04. Changed the item name from HKLOY to KORLOY

1970

  • 1974. 12. Starting of Exporting
  • 1974. 05. Moving tje Cheongju Factory to present location
  • 1973. 11. Selected as an exemplary taxpayer(1973~1975)
  • 1973. 07. Increased its capital by double
  • 1972. 10. Established one more vacuous sintering furnace
  • 1970. 02. Joined venture and technical cooperation with Sumitomo Electric Industries Ltd.

1965

  • 1968. 05. Moved and newly established the factory in Yangpyong in Seoul
  • 1967. 08. Technical cooperation with MIZHO Industrial in Japan
  • 1967. 05. Established a factory located in Youngdeunpo-Gu, Seoul
  • 1966. 06. 11. Foundation of Cooperation