Company History
The Growth and Evolution of KORVAL
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- 2025
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- 10 Obtained API 6D/602/609 Monogram Certifications
- 08 Secured a contract to supply all types of cryogenic valves to the Jordan Aqaba LNG Terminal (the first cryogenic valve package contract for an LNG terminal)
- 01 Acquired GAS VALVE TRAIN EVERLLENCE FINAL CERT for ME-GI ENGINE (First in Korea)
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- 2024
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- 00 Received the USD 10 Million Export Tower Award
- 00 Management Innovation SME (MAIN-BIZ) Certification (Minister of SMEs and Startups)
- 00 Selected as a Busan Youth-Friendly Company (Mayor of Busan Metropolitan City)
- 00 Designated as a Specialized Materials, Parts and Equipment Company
- 00 Exemplary Company Commendation (Busan Regional Employment and Labor Administration)
- 00 Prime Minister’s Commendation for the Materials, Parts and Equipment Industry (Minister of the Interior and Safety)
- 00 Registered as a Cryogenic Valve Supplier with POSCO E&C
- 05 Establishment of KORVAL 2nd Factory
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- 2023
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- 00 Received the USD 7 Million Export Tower Award
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- 2022
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- 00 Designated as a Global Hidden Champion (Minister of SMEs and Startups)
- 10 Development and supply of GAS VALVE UNIT for EVERLLENCE
4-STROKE ENGINE (first in Korea)
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- 2021
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- 00 Designated as an Export Promising SME (Ministry of SMEs and Startups)
- 03 Completed development of gas valves for marine main engines and generators
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- 2020
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- 08 Supplied the world’s largest range and sizes of cryogenic valves for LNG ships and terminals
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- 2019
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- 00 Registered as a supplier for KEPCO J232A PACKAGE
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- 2018
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- 00 Received a Commendation for SME Technology Innovation (Prime Minister)
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- 2017
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- 00 Technology Innovation SME (INNO-BIZ) Certification (Minister of SMEs and Startups)
- 00 Registered as a qualified supplier of equipment and materials for Korea Southern, East-West, Midland, Western, and Southeast Power
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- 2016
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- 00 Received the Three Million Dollar Export Tower Award
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- 2015
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- 09 KORVAL Headquarters Expansion and Relocation
- 00 Registered as a qualified supplier for KHNP J231 & 232A PACKAGE
- 03 Development of Gas Valve Train for ME-GI Engine
- 00 Received a Commendation for Contributions to the Promotion of Science and Technology (Prime Minister)
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- 2014
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- 05 Began supplying low-temperature valves for LNG ships and terminals
- 02 First Supply of Safety Valves for LNG Carrier Cargo Tanks in Korea
- 00 Received USCG Type Certification for SAFETY RELIEF VALVE
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- 2013
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- 12 Development of LNG Carrier Cargo Tank Safety Valve Completed
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- 2012
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- 07 Supplied high-pressure, large-scale control valves to nine thermal and nuclear power plant projects
- 00 New Excellent Technology (NeT) Certification (Minister of Knowledge Economy)
- 00 Received a Science Day Commendation (Minister of Education, Science and Technology)
- 00 Selected as a Leading Company in Busan’s Strategic Industries (Mayor of Busan Metropolitan City)
- 00 Designated as an Export Promising SME (Commissioner of the Busan and Ulsan Regional Small and Medium Business Administration)
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- 2011
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- 00 ISO 14001 & OHSAS 18001 (ISO 45001) Certification
- 00 Received the Excellence Award for IP Innovation (Mayor of Busan Metropolitan City)
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- 2010
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- 00 Received the One Million Dollar Export Tower Award
- 00 Selected as a Partner Company (Korea Institute of Industrial Technology)
- 00 Development and Operation of a Control Valve Sizing Program
- 00 Development and Operation of a Control Valve Sizing Program
- 02 Completed KEPIC MN Certification
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- 2009
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- 00 Selected as an Outstanding Entrepreneur of Busan Metropolitan City (Mayor of Busan Metropolitan City)
- 09 Implemented an ERP system and established a technology research institute
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- 2008
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- 00 Received the Outstanding SME Entrepreneur Award (Commissioner of the Busan and Ulsan Regional Small and Medium Business Administration)
- 00 Expanded and relocated the factory to the Dadaepo Rainbow Industrial Complex, Busan
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- 2007
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- 00 Selected as a Promising SME (IBK Industrial Bank of Korea)
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- 2003
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- 00 Expanded and relocated the factory to the Dadaepo Rainbow Industrial Complex, Busan
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- 2001
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- 00 Development and Supply of Safety Valves
- 00 Development and Supply of Temperature Control Valves (Wax Type)
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- 2000
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- 00 Renamed the company to KORVAL (KOREA VALVE)
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- 1999
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- 00 Exported control valves to China and Japan
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- 1998
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- 06 Obtained ISO 9001 Certification
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- 1996
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- 00 Supplied control valves to domestic shipyards and engine manufacturers
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- 1995
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- 00 Development and Production of Control Valves
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- 1993
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- 04 Establishment of Halla Valve