Established about 50 years ago in 1970 when magnetic industry was hardly developed in Korea, DONGYANG PRECISION ENGINEERING CO.,LTD. started the magnet manufacturing business for the first time in the country, and has been actively contributing to the relevant industry up to present.

After our foundation, numerous magnet manufacturers were set up, and many of them unfortunately have either closed the business as they failed the competition against Chinese counterparts for the latter’s cheap magnets, or moved their production facilities to China or other countries. Nevertheless, we braced ourselves against all odds and have become a leader in the this industry based on our dedication to improvement of product features, quality and productivity, as well as with matched precision facility and knowhow of magnet cutting and grinding. Further, through a close cooperation with carefully selected magnet manufacturers abroad, we import and supply high quality magnets to meet customers’ needs and maintain strong relationships with all our partners, both domestic and overseas, by providing then with excellent products and customer service. We carry ourselves in an utmost pride as a general magnet logistics company.

To satisfy more customers’ needs and expectation in future, we will continue the effort to enhance productivity and competitiveness with our business motto, "Quality First!".

CEO Kwon Inhyuk