KORVAL

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Company History

The Growth and Evolution of KORVAL

  • 2025
    • 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)
  • 2024
    • 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
  • 2023
    • 00 Received the USD 7 Million Export Tower Award
  • 2022
    • 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)
  • 2021
    • 00 Designated as an Export Promising SME (Ministry of SMEs and Startups)
    • 03 Completed development of gas valves for marine main engines and generators
  • 2020
    • 08 Supplied the world’s largest range and sizes of cryogenic valves for LNG ships and terminals
  • 2019
    • 00 Registered as a supplier for KEPCO J232A PACKAGE
  • 2018
    • 00 Received a Commendation for SME Technology Innovation (Prime Minister)
  • 2017
    • 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
  • 2016
    • 00 Received the Three Million Dollar Export Tower Award
  • 2015
    • 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)
  • 2014
    • 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
  • 2013
    • 12 Development of LNG Carrier Cargo Tank Safety Valve Completed
  • 2012
    • 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)
  • 2011
    • 00 ISO 14001 & OHSAS 18001 (ISO 45001) Certification
    • 00 Received the Excellence Award for IP Innovation (Mayor of Busan Metropolitan City)
  • 2010
    • 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
  • 2009
    • 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
  • 2008
    • 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
  • 2007
    • 00 Selected as a Promising SME (IBK Industrial Bank of Korea)
  • 2003
    • 00 Expanded and relocated the factory to the Dadaepo Rainbow Industrial Complex, Busan
  • 2001
    • 00 Development and Supply of Safety Valves
    • 00 Development and Supply of Temperature Control Valves (Wax Type)
  • 2000
    • 00 Renamed the company to KORVAL (KOREA VALVE)
  • 1999
    • 00 Exported control valves to China and Japan
  • 1998
    • 06 Obtained ISO 9001 Certification
  • 1996
    • 00 Supplied control valves to domestic shipyards and engine manufacturers
  • 1995
    • 00 Development and Production of Control Valves
  • 1993
    • 04 Establishment of Halla Valve

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