Youngshin

Trade risk

South Korea.

Summary

Iranian engineering company IHI Hydraulic Industries announces on the front page of their website that, "IHI has obtained license from Korean company Youngshin for manufacturing of high technology command hydraulic pumps for sedans and trucks." (http://www.ihihydraulic.com/ihi/engihi/tabid/87/language/en-US/Default.aspx)

Youngshin is a South Korean die-cutter manufacturer, with over 70% of the South Korean die-cutting equipment market. It has a wholly-owned American branch, Youngshin USA, located in Illinois (Company Website). (http://www.youngshinusa.com/)

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