2023

• Changed the company name to HIGEN RNM Co., Ltd.
• Conducted a stock buyback and split (from 5,000 KRW to 500 KRW)
• Received the initial order for the mass production of 24 units of Hanwha Momentum 3rd Generation HCR-14 (collaborative robot)
• Signed a sales contract for LG Electronics collaborative robots with general customers and exclusive dealers
• Finalized and submitted approval for three types of motors for Doosan Robotics
• Successfully launched InnoSpace Hanbit-TLV (with HIGEN RNM's oxygen pump installed)

2022

• Developed a coaxial drive module for collaborative robots applying sensor SoC technology (Ministry of Trade, Industry and Energy)
• Requested a quotation for motor supply to Doosan Robotics collaborative robots based on quantity (750~3000 units)
• Completed the development and delivery of three types of motors for Hanwha Momentum 3rd Generation HCR-14 (collaborative robot)

2021

• Designated as a leading material, parts, and equipment company - Ministry of Trade, Industry and Energy

2020

• Secured open protocol basis and developed ultra-compact, lightweight servo motors (Ministry of Trade, Industry and Energy)
• Demonstrated performance and reliability improvement for manufacturing robot drive components (servo motors, reducers) (Ministry of Trade, Industry and Energy)
• Confirmed as a specialized material, parts, and equipment company – Korea Evaluation Institute of Industrial Technology
• Registered as a system supplier for LG Electronics collaborative robots

2019

• Developed smart factory robot system control software supporting artificial intelligence and IoT (Ministry of Trade, Industry and Energy)
• Commenced mass production of premium efficiency (IE3) motors (from 200KW to 375KW)

2018

• Commenced mass production of premium efficiency (IE3) motors (from 0.75KW to under 37KW)
• Launched an expanded lineup of explosion-proof servo motors (0.2~4kW)

2017

• Selected as the best company in quality management by Korea Management Certification (4th quarter of 2017)
• Acquired IECEx dust explosion-proof certification for all low-voltage motors (Fr. 71~355)

2016

• Developed the first domestic 3kW class pressurized explosion-proof servo motor

2015

• Commenced mass production of premium efficiency (IE3) motors (from 37KW to under 200KW)

2012

• Increased capital of 1.5 billion KRW through BW warrant exercise (Dano International, Kim Hye-sook, Kim Soo-jin, among six others)

2011

• Acquired ATEX pressurized explosion-proof certification for low-voltage motors
• Increased capital of 500 million KRW through BW warrant exercise (Kim Jae-hak, Kim Hye-sook, Kim Soo-jin)
• Acquired ISO/IATF 16949 certification (quality certification system for automotive parts)
• Increased capital of 500 million KRW through BW warrant exercise (Kim Jae-hak)

2010

• Increased capital of 60 billion KRW through BW warrant exercise (National Pension Service, IMM)

2009

• Registered as a qualified supplier of high-voltage motors for KEPCO

2008

• Established a corporate research institute (Korea Industrial Technology Association)
• Increased capital of 1 billion KRW (employee preferred stock)
• Relocated headquarters to 57, Gongdan-ro 473beon-gil, Seongsan-gu, Changwon-si, Gyeongsangnam-do

2007

• Acquired the industrial motor business division from Otis Elevator Co., Ltd.
• Established the Seoul branch (2nd floor, New Building, 22, National Assembly Boulevard, Yeongdeungpo-gu, Seoul)
• Issued 170 billion KRW of convertible bonds (IMM)
• Increased capital to 19.95 billion KRW (IMM)
• Changed the company name to HIGEN Motor Co., Ltd., and relocated the headquarters to 74, Seongsan-dong, Changwon-si, Gyeongsangnam-do
• Established Dano Invest Co., Ltd. (paid-in capital: 50 million KRW)

2006

• Developed an eco-friendly insulation system
• Developed a prototype of a 48000RPM-class built-in spindle system
• Commenced production of dedicated crane vector motors

2005

• Changed the company name to OTIS Elevator Korea

2004

• Surpassed the production of 5 million electric motors

2003

• Commenced production of ultra-high-speed elevator motors (420m/min)

2002

• Commenced production of CNG-compatible pressurized explosion-proof motors
• Developed motors for turbo compressors
• Developed motors dedicated to steel mills

2001

• Commenced production of motors for high-pressure underwater PUMPs
• Produced PM synchronous motors for elevators

2000

• Launched an expanded lineup of explosion-proof servo motors (0.2~4kW)
• Commenced production of marine motors
• Launched LG-OTIS
• Developed explosion-proof motors for CNG refueling

1999

• Commenced production of Al Frame motors

1998

• Acquired UL "Class F" insulation system certification
• Relocated to the Changwon plant
• Commenced production of high voltage motors

1997

• Developed high-speed spindle motors for machine tools
• Formed a technical partnership with YASKAWA for high-voltage motors

1996

• Developed vector inverter motors

1995

• Changed the company name to LG Electronics

1987

• LG Industrial Systems started production of DC servo motors

1986

• Commenced production of general-purpose motors

1979

• Completed the construction of the Gimhae plant

1976

• Commenced production of elevator motors

1968

• Formed a technical partnership with HITACHI (Japan) for compressor motors

1963

• Commenced production of general-purpose and fan motors at Geumsung Electronics