"Let's Have Goals and a Spirit of Challenge" - Chairman of Ujin Sanjeon on the 50th Anniversary Reminder

Electric train electrical component manufacturer Woojin Industrial Systems celebrates its 50th anniversary on the 10th. About 700 executives and employees attended the 50th anniversary ceremony held on the 9th at the headquarters in Goesan, Chungbuk. At the event, the slogan "50 years of history we have created, 50 years of future we will create" was unveiled.

Kim Young-chang, chairman of Woojin Industrial Systems, said, "The average lifespan of a company is less than 25 years, and only 0.2% of companies have lasted more than 50 years," adding, "The narrow path is a difficult path, and the wide path is an easy path, but we chose the difficult and challenging path over the easy and wide one."

Woojinsanjeon 50th Anniversary [Photo by Woojinsanjeon]

He continued, "Let us have a sense of purpose and a spirit of challenge with a heart of collaboration and passion," and urged, "Let us think of the past Woojin as dead and welcome the future Woojin as a new birth."

In the past four years, the company’s annual sales have increased by 100 billion KRW each year. Its local subsidiary in the U.S. is about to sign a $200 million contract with LA Metro, and the electric bus factory established in Gimcheon has completed trial operations and will open soon. The company began domestic production of parts in 1974, when most train parts were imported and electric trains were assembled, and successfully localized the speed control resistor, considered a core component.

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