Daedong (company)
 | |
Native name | 주식회사 대동 |
|---|---|
| Company type | Public |
| KRX: 000490 | |
| Industry | Agricultural machinery |
| Founded | May 20, 1947 |
| Headquarters | |
Area served | Worldwide |
Key people | Kim Joon-Sik Chairman & CEO |
| Products | Tractors Combines Forage equipment Seeding & Tillage equipment Diesel engines |
| Revenue | KRW 895.7 billion (FY 2020) |
| Website | https://www.daedong.co.kr https://www.kioti.com |
| Footnotes / references [1] | |
Daedong Corporation, also known by the brand name Kioti in North America, is a South Korean agricultural machinery manufacturer founded in 1947 and headquartered in Daegu, South Korea. Its main products include tractors, combine harvesters, all-terrain utility vehicles and engines .[2]
History
[edit]Daedong has a history of innovation and growth, marked by significant milestones in the development of agricultural equipment. Daedong began operations as a metal casting company but soon shifted its focus to agricultural machinery. In 1949, the company produced Korea's first engine, laying the foundation for its future as a machinery manufacturer.[3] This was followed by introducing Korea's first plow in 1962 and the production of Korea's first tractor in 1968.
In 1971, Daedong continued its innovative streak by producing Korea's first combine harvester, a complex piece of machinery that significantly improved agricultural efficiency. Building upon its domestic success, the company entered the U.S. market in 1982, marking a significant step toward international expansion. In 1983, Daedong achieved another milestone by developing and producing multi-cylinder engines using its in-house technology, demonstrating its commitment to innovation and self-sufficiency. By 1985, they exported their first tractors. Kioti USA was formed in 1993.[4][5]
To bolster its presence in the North American market, Daedong established Kioti USA in 1993. This strategic move was instrumental in the company's regional growth and success, setting the stage for future expansion and solidifying its position in the North American market.[6][7] The company was formerly known as Daedong Industrial Co., Ltd. and changed its name to Daedong Corporation in March 2021.[8]
Kioti Tractor
[edit]Kioti Tractor (/kaɪˈoʊti/ "coyote") is the trade name for Daedong tractors in U.S. and other markets.[9]
Product range
[edit]See also
[edit]References
[edit]- ^ "Daedong Corp000490.KS". reuters.com. Retrieved 2021-08-20.
- ^ "Daedong Corp". bloomberg.com. Retrieved 2021-08-20.
- ^ "대동 70년". www.kamnews.co.kr/news (in Korean). Retrieved 2021-08-20.
- ^ "Kioti UK Ltd". www.aea.uk.com. Retrieved 2021-08-20.
- ^ "Tractor maker Kioti unveils its first CTL and skid steer". www.equipmentworld.com. Retrieved 2021-08-20.
- ^ "Kioti UK Ltd". www.aea.uk.com. Retrieved 2021-08-20.
- ^ "Tractor maker Kioti unveils its first CTL and skid steer". www.equipmentworld.com. Retrieved 2021-08-20.
- ^ "Daedong Corporation (000490.KS)". www.finance.yahoo.com. Retrieved 2021-08-20.
- ^ "KIOTI France Selects ARI's eCatalog Solutions to Support Its Dealers". www.arinet.nl/news. Retrieved 2021-08-20.
- ^ "Kioti parts catalog". AGA Parts. Retrieved 2021-11-24.
- ^ "Kioti UTVs catalog". Kioti. Retrieved 2024-09-22.
External links
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