Company History

1959 ~ 1971 Foundation & Development

1959

• Founded Shinil Industrial Co., Ltd.

1964

• Successful development of small motor and its production start

1967

• Started production of fans
• Started production of ventilators
• Newly built and moved to Gongneung-dong factory in Dobong-gu, Seoul

1969

• Shinil Fans, awarded the Grand Prize by the Ministry of Commerce, Industry and Energy
• Started production of hair driers

1972 ~ 1983 Globalization & Extension

1972

• Started production of refrigerators

1973

• Started production of mixers
• Started production of electric stoves
• Exported small-sized motor to Japan (first in Korea)
• Exported fans to Japan, USA and Southeast Asia
• Exported hair dryers to USA, UK and Japan (first in Korea)
• Successful development of brush motor to produce the first vacuum cleaner in Korea
• Awarded a certificate from the National Tax Service

1974

• Awarded the Overseas Development Excellence Award and the Export Achievement Award (Korea Electrical Manufacturers Cooperative, Korea Trade Promotion Corporation)

1975

• Started the production of electronic hot-insulating rice cooker

1976

• Started to export fans to Indonesia
• Started production of electronic petroleum stove
• Started production of electronic rice cooker

1977

• Started production of juicer mixer
• Commenced production of reflex type petroleum stove

1978

• Exceeded 10,000 production volume per day
• Completed and moved to Suwon factory

1979

• Annual sales volume of the fans exceeded 1.3 million units

1980

• Acquired KS mark for fans (first in Korea)

1981

• Awarded the Export Achievement Award

1982

• Acquired UL Mark for Shinil fans
• Over 1,500,000 units of electric fans and motors annually exported
• Acquired KS mark for Shinil fans

1984 ~ 1990 Sustainability & Acquirement

1984

• Acquired KS mark for Shinil range hoods
• Acquired KS mark for electric mixers (first in Korea)
• Acquired KS mark for electric rice cooker and fans (wall-mounted, stand-type, ceiling)
• Developed and started production of the hot water washer (bidet)
• Annual sales volume of the Shinil High Speed Dehydrator exceeded 120,000 units
• Exported the fans to the USA with 800,000 units

1985

• Developed shaded pole type motor and exported to USA
• Ultrasonic humidifier obtained US FCC approval
• Ultrasonic humidifier obtained UL Mark
• Exported ultrasonic humidifier to USA
• Acquired UL Mark for 6” fans
• Started production of the Halogen Forced Convection Electric Air Heater stove
• Acquired GOOD DESIGN for Shinil rinse dehydrator and electric rice cooker and warmer
• Exported the fans to Indonesia with 1 million units

1986

• Acquired KS mark for stove (first in Korea)
• Acquired KS mark for electric rice cooker
• Started exporting fans to Japan

1987

• Started development and production of the juicer type approval
• Exported motors more than 30 million units to USA for 10 years

1988

• Acquired KS mark for electric dehydrator (first in Korea)
• Application for manufacturing approval of gas equipment and acquisition

1989

• Started development and production of electric washing machine (fully automatic) type approval
• Started development and production of the gas oven range
• Annual sales volume of the fans exceeded 1.3 million units

1991 ~ 2003 Diversification & Modernization

1991

• Fans acquired the GOOD DESIGN
• Annual sales volume of the fans exceeded 1.55 million units

1993

• Electric well pump type approval, production started
• Acquired Q-MARK for electric well pumps
• Electric pump type approval, production started

1994

• Approved the shape of the fully automatic cooker and started production
• Approved type of soup heaters and started production

1995

• Electric radiator (for export), type approval of industrial fans, production of industrial fan started
• Signed export contract for washing machine plant in Malaysia

1996

• Started approval of hood mixer type and production of hood mixer
• Started production of FREE VALVEAGE for desktop fans
• Air purifier type approved

1997

• Malaysia washing machine plant export and technology transfer, assembly line construction
• Commenced new production of the Hanoi factory in Vietnam

1998

• Acquired Q-MARK for food dehydrator
• Started to export electric ranges with ovens (SHOWTIME) to the USA
• Commenced new production of the Wendeng factory in China

1999

• Developed laminator and acquired export UL & CE
• Developed 3 models of Kimchi refrigerator and released Kimche

2000

• Developed and exported MP3 player, pager and ADSL modem

2001

• Developed core stove and exported to France

2002

• Exported the fans to Japan with 2 million units
• Developed BLDC, CLDC motor for electric bicycle and electric scooter
• Developed motors for electric wheelchair
• Awarded the 100 patented products of automatic roll type laminator (KIPO)

2003

• Exported the electric ranges with ovens to US with 3.5 million units
• Business alliance with Fackelmann GmbH + Co. KG, Germany
• Produced new engine bicycles, electric bicycles, and electric scooters
• Two companies, electric scooters and engine scooters, entered the company and built a production system

2004 ~ 2019 Renovation & Greatness

2004

• Established Motor Business Division, started electric bicycle, electric scooter, engine scooter business
• Launched the Shinil bidet
• Commenced new production of the Qingdao factory in China

2005

• Change in the largest shareholder (Dukhyun Kim → Young Kim)
• Started to develop and produce 1st grade motor in Korea

2006

• Selected as the best company in Korean Standard Quality Excellence Index

2007

• Inauguration of CEO KwonYoung Song

2008

• Business alliance with Busung Faray Co., Ltd – Developed and produced Shinil Faray hot air heater
• Launched fan heater development business in cooperation with DAINICHI, Japan

2009

• Selected as one of the 100 best companies selected by buyers and editors

2010

• Best hit product in the first half of the year (Stainless Blender)
• Selected as the best company in Korean Standard Quality Excellence Index for 5 consecutive years
• Headquarters location change

2011

• 2nd Korea CEO Management Award
• Selected as the best company in Korean Standard Quality Excellence Index for 6 consecutive years

2012

• Selected as the best company in Korean Standard Quality Excellence Index for 7 consecutive years

2013

• Selected as a GOOD DESIGN (SIF-P14DR)
• Selected as the best company in Korean Standard Quality Excellence Index for 8 consecutive years
• 1.5 million fans sold in Korea
• Started construction of Cheonan factory

2014

• Awarded the Korea Creative Economy CEO Awards Grand Prize (Quality Management sector)
• Korea Innovation Frontier Award Grand Prize in 2014
• Selected as the best company in Korean Standard Quality Excellence Index for 9 consecutive years
• Completed Cheonan factory

2015

• Selected as a GOOD DESIGN (humidifier MOOMOO)
• Dedicated to the Korean Customer Satisfaction Index Hall of Fame
• Selected as the best company in Korean Standard Quality Excellence Index for 10 consecutive years
• Awarded the Korea Innovation Frontier Award Grand Prize (Two-way fan) – Awarded for 2 consecutive years

2016

• Selected as the best company in Korean Standard Quality Excellence Index for 11 consecutive years
• Awarded the Korea Innovation Frontier Award Grand Prize in 2017 (Wet mop steam cleaner)
• Inauguration of CEO Kwon Kim

2017

• Annual sales volume of electric fan exceeded 2 million units
• Awarded the Korea Meteorological Industry Grand Prize
• Selected as the best company in Korean Standard Quality Excellence Index for 12 consecutive years
• Awarded the Korea Innovation Frontier Award Grand Prize in 2017 (Bluetooth fan)

2018

• Inauguration of CEO Yun-Seog Jeong