60

Established Youngdo Textile Industry (Sincheon-dong, Daegu, Korea)

68

Daegu Pyeongni-dong factory completed and relocated

Initiated mass production of velvet fabrics

71

Established the 1st factory of Youngdo Textile Industry (Nowon-dong, Daegu, Korea)

73

Velvet technology partnership with Hasegawa Industrial Co., Ltd. in Japan

75

Establishment of Seoul Trade Department

First export to the Middle East market

77

Established Semyung Chemical Fiber (Samgyeok-dong, Daegu, Korea)

78

Established Saehwa Textile Industry (Ihyeon-dong, Daegu, Korea)

Export to the Americas

Awarded the highest export performance award (Korea Trade Promotion Agency)

80

Designated as a specialized dyeing and processing company (Ministry of Commerce and Industry)

Designated as a good small business

82

Established Youngdo Textile, an integrated corporation (Head Office, Seoul, Korea)

Selected as a green taxpayer

83

Introduced 22 German rapier looms

Started production of cotton velvet

85

Introduced 6 German jacquard looms

Production of sheet paper for furniture

Acquisition of quality certification Q mark

88

10 Million dollar Export Tower Award

95

Completion of Gumi Weaving Plant 2 (Lot 24,000 square meters)

Installed 132 rapier looms

98

Completion of Gumi Dyeing Plant 1 (Lot 13,000 square meters )

Introduced CPB dyeing machine (Gumi Plant 1)

02

Started a workout system due to the outbreak of the IMF crisis

Gyeongsangbuk-do Excellent Company Commendation

04

Workout Early Graduation in 3 Years

Steel Tower Order of Industrial Service Merit (Chairman Lee Won-hwa)

Changed corporate name to Youngdo Velvet (Head Office Seoul in Korea)

05

Establishment of central research institute (Corporation affiliated research institute certification)

ISO9001 quality certification

Received Presidential Commendation for Female Entrepreneur

06

Selected as a world-class product

20 Million dollar Export Tower Award

Bronze Tower Order of Industrial Service Merit (Vice President Lee Seong-yeol)

Successfully developed rubbing cloth for LCD panel manufacturing

07

Technology Innovation Small and Medium Business (INNO-biz) Certification

08

Gyeongsangbuk-do Pride Product Designation

09

Received the National Medal of Merit, Seokryu Medal (Chairman Ryu Byung-sun)

10

30 Million dollar Export Tower Award

Presidential Commendation on Trade Day (President Lee Chung-yeol)

Awarded by the Minister of Strategy and Finance for model taxpayer

11

Gyeongsangbuk-do Small and Medium Business Award

12

Opening of Velvet Cultural Complex Space Youngdo-Daum (Samdeok-dong, Daegu, Korea)

Designated as a venture company

13

Opened Youngdo Velvet Training Center (Gunwi-gun, Gyeongsangbuk-do, Korea)

14

Registered as an industrial design company

15

Established the Bogwangmyeong Cultural Scholarship Foundation

19

Awarded Gold Tower Order of Industrial Service Merit (Chairman Ryu Byung-sun)

Selected as a master of technology in Korea (Chairman Ryu Byung-sun)

20

Industrial cultural complex space Velvet clothing industrial complex space Birodo 1960 opened (Gumi 3 Gongdan-ro Youngdo Velvet 2nd Factory)

21

Selected as a design innovation company (Ministry of Trade, Industry and Energy )