Our history in the Republic of Korea
From the first independent commercial representative to a global technology powerhouse
Milestones of business development
Eisenberg & Co. becomes the agent of Siemens & Halske (S&H) and Siemens-Schuckertwerke (SSW)
An order is received for the supply of telephone exchanges
Gold-Star Co. Ltd., Seoul, becomes the agent for Siemens Telegraphy and Telephone Divisions
An independent Siemens subsidiary is opened in Seoul with Eisenberg & Co. and Gold Star Co. Ltd., which in 1971 becomes Siemens Electrical Engineering Co., Ltd.
The joint venture Gold Star Tele-Electric Co. Ltd. (GST) is founded with Gold Star Communications Co. Ltd.
Siemens and Gold Star receive a major order for local and toll exchanges in South Korea
The company receives an order to supply the electrical equipment for the locks in Seoul harbor
Gold Star Tele-Electric is listed on the stock exchange
Siemens and Gold Star Tele-Electric receive an order for electrical railway signaling equipment for the metropolitan area of Seoul
Gold Star Tele-Electric Co. Ltd. is renamed Gold Star Telecommunication Co. Ltd.
Siemens Electrical Engineering Co. Ltd. is liquidated and the company is renamed Siemens Ltd.
Siemens and Samsung Electronics Co. Ltd. sign a sales and service agreement for Hicom telephone systems in Korea
Siemens equips the first private power plant in South Korea, Bugok, with combined cycle technology
Opening of a training center for Siplace pick-and-place systems in Seoul
The South Korean network operator KT International, Seoul, awards Siemens a contract to deliver a turnkey Surpass railway signaling system
Siemens delivers automation systems and electrotechnical equipment for a new hot-dip galvanizing line in Korea
Siemens wins a follow-up contract for a turnkey project to build the Bugok II 550-MW combined cycle power plant
Delivery of three double-strand slab casting lines for the Hyundai Steelworks Dangjin in Korea.
Opening of the Siemens Ultrasound Systems Korea (SUSKO) Pohang factory and R&D Center in South Korea
Siemens receives first order for the supply of its latest high-efficiency gas turbine (H Class) to combined cycle power plant Bugok 3 (later renamed Dangjin 3)
Siemens Ltd. Seoul opens new headquarters in Poongsan Building at record speed
The first driverless full automatic Light Rail Transit (LRT) project in South Korea, which links eastern Uijeongbu to the city centre of Seoul, is put into operation
With the newly founded company Siemens Energy Solutions Ltd. (SESL) Siemens establishes a regional headquarters for Asia in South Korea