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연합정밀(주)

KOR

전체메뉴

COMPANY

Leader in the localization of parts, YEONHAB PRECISION

Performance of development for localization

Performance of Yeonhab Precision’s localization

With the goal of localizing the parts for defense equipment, Yeonhap Precision Yeonhap Precision has successfully completed the localization of 3,153 core parts for 40 years.
These passions and endless effort in localizing core parts by Yeonhap Precision are realized with the fantastic performances.

Localization of core parts by Yeonhab Precision
① Contribution to the national defense through the development of
core parts for Korea’s weapon system
② Saving of 99.2 billion Won in national defense budget through
localization of parts
③ Creation of jobs for 450 people
④ Export of products worth at least 12% of the total sales

Saving of defense budget amounting to 99,217 million Won through the 37localization

Items for localization After localization
Number of total items for delivery
Amount after development (in million Won) Saving in national defense budget
Revenues Amount of deliveries Saved amount
Localization of inventory no.37
(Cable assembly))
certificate of development
1,157items
359,942 260,725 99,217 Compared to the conventional unit price
Saving of foreign currency amounting to 99,217 million Won through localization
  • ○ For the self-defense and operation of weapons system, the localization of parts is required.
  • ○ For the export of weapons system, the localization of parts shall be first established.
  • ○ The localization of parts is the best alternative for the creation of job in Korea.

Certificates of localization and R&D

By development No. of R&D certificates issued by year
1984 1985 1987 1989 1990 1991 1992 1993 1994 1996 1997 1998 1999 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2014 2017 2020 Total
37Development 113 98 37 38 227 126 25 174 150 32 14 123 1,157
Localization of parts 2 5 2 12 1 8 1 1 5 1 2 1,478 11 228 5 38 2 31 2 9 10 5 1 15 1,875
Development for localization 10 10
EPD CABLE 93 93
Development led by suppliers 16 1 17
Development of maintenance capability 1 1
Total by year 2 5 2 12 1 18 1 1 5 1 2 1,478 11 341 119 75 133 258 128 35 184 155 33 14 123 1 15 3,153

Effect of expanded localization and development (common in defense industry)

Localization formula which contributes to the activation of localization

  • ○ Parts localization rate formula satisfies the parts localization rate of 70% rather the localization in name only as almost all processes shall be localized ranging from parts design to the production and supply
  • ○ Period when the parts localization was active the most

Starting point of parts localization

○ Mr. Yoon Gwang-Woong, former minister of national defense (Chosun Hotel)
- Worsened profit due to the use of imported parts
- Government’s implementation of policy for strong localization of parts
○ Development for localization of 120,000 parts (items for localization)
○ Expansion of Yeonhab Precision’s facilities and full efforts for localization of parts