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Daedong shifts its production facility in Daegu to a "smart factory" for max…
The leading company of future agriculture, Daedong (Joint CEO Joon-Shik Kim and Yoo-Hyun Won), announced on the 30th that it is shifting the production facility in Daegu to a smart factory to acquire global competitiveness in production. Daedong, the company that has stood for over a century, proclaimed the vision of the "leading company of future agriculture." Since then, the company has accelerated the promotion of Digital Transformation (aka DT) for "innovation in business & process & work." To this end, Daedong redesigned its ERP (Enterprise Resource Planning) and MES (Manufacturing Execution System) to establish global competitiveness in production since 2020. Beginning in the first half of this year, the factory in Daegu is being transformed into a smart factory. Daedong's factory in Daegu has three major production lines, namely, ▲engine parts, ▲engine production, and ▲agricultural machinery. The factory in Daegu is the core production site of Daedong. In 2021, It manufactured about 43,000 finished agricultural machinery such as tractor, combine, and rice transplanter and supplied over 48,000 diesel engines.
June 30, 2022
Daedong-Daedong Agtech-Rural Development Administration signs MOU for the pr…
The leading company of future agriculture, Daedong (Joint CEO Joon-Shik Kim and Yoo-Hyun Won), and its subsidiary, Daedong Agtech (CEO Ki-Jae Kwon), announced on the 8th that an "MOU for promote smart agriculture." was signed with the Digital Agriculture Promotions team of the Rural Development Administration (Director Jae-ho Jo). The MOU was signed in the attendance of Daedong Agtech CEO Ki-Jae Kwon, leader of the Digital Agriculture Promotions Team of the Rural Development Administration, Je-hoon Seong, and other officials from each party. The MOU was signed for the purpose of sharing and utilizing the agricultural data of private and public sectors to develop and distribute smart agricultural solutions that would suit the domestic agricultural industry with the goal of enhancing agricultural production in rural areas and improving the living condition for farmers.
June 08, 2022
Daedong achieved KRW 356.8 billion in sales in the first quarter, making a 2…
Daedong continues to grow steadily by increasing domestic and overseas market power, racking up a record-high quarterly performance. The leading company in future agriculture, Daedong (CEO Kim Joon-Shik Kim and Yoo-Hyun Won), announced on the 16th that it has reached KRW 356.8 billion consolidated sales, making an increase of 20% year-on-year. It outran the KRW 338 billion sales of the 2021 Q2, the busiest season of the year, making a record-breaking quarterly sales since its foundation. Total sales in the overseas market and domestic market have reached KRW 231.6 billion and KRW 125.2 billion, respectively. Overseas sales rose by 37.5% from the KRW 168.4 billion sales in the same period last year. Overseas and domestic sales in 2021 Q1 occupied 56% and 44% respectively. This year, the increase in exports pushed the share of overseas sales up to 65%. The domestic sales decreased by 2.7% year-on-year, but considering the 8.9% decrease of the domestic tractor market size (based on Nonghyup financial loans) in the first quarter of this year, the sales performance is still remarkable.
May 16, 2022
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