08/1997 Established IlWoong Trade Company, starting a trade business 04/1998 Changed the trading name of IlWoong Trade to IlWoong Industry 08/1999 Moved the office location from Jungang-Dong, Changwon, Gyeongnam to Paryong-Dong 06/2000 Moved the office location from Paryong-Dong, Changwon, Gyeongnam to the 4th Standard Factory, initiating production of pipes for construction equipment 11/2000 Won an award from the Minister of Commerce, Industry and Energy on the 37th Trade Day 11/2000 Entered into an agreement with the Changwon Polytechnic College for academic and industrial collaboration 01/2001 Changed the trading name of IlWoong Industry to Nokwon and incorporated the company 06/2001 Terminated a business with LG Electronics for the supply of hub business 11/2001 Certified for ISO 9001 01/2002 Designated for alternative military service company by the Military Manpower Administration 02/2002 Terminated the business with LG Electronics for the supply of hub business 05/2002 Selected by the Ministry of Commerce, Industry and Energy for IT business (ERP) 11/2002 Won the 1-Million Dollar Export Award on Trade Day 03/2003 Opened an office in Shanghai, China 06/2003 Certified for the clean business place by the Ministry of Labor 11/2003 Won the 9th Gyeongnam Trading Award 11/2003 Won the 3-Million Dollar Export Award on the 40th Trade Day