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1994.07. Established YOOCHANG HI-TECH Co, Ltd.
1995.01. Contract with Bayer Germany as an exclusive supplier of Vulkollan (P/U) raw
    materials and technology. (Exclusive in Korea)
1996.01. Localization of Friction Wheel (for textiles machinery)
1996.02. Developed Heat-Resistant Hydraulic Packing (raw material for Vulkollan)
1996.12. - Launched export Packing to Japan (Contracted with B.S. Packing Co. Ltd. for
      exclusive sales and marketing and investment.
    - Durability Test of seal for A/S cylinder in excavator of SUMITOMO Heavy
  Industry Co. Ltd, Japan.
1997.04. Announced Friction Wheel (for Textiles) as a strategic item in capital goods
    (The Ministry of Trade and Industry 97-47)
1997.09. Contract with Fietz Co. in Germany for exclusive supply and sales of Teflon Seal
    in Korea