[INQ. NO. 2012M07] DONGKWANG CORPORATION has been focusing on the export of automotive lubricants to Russia and Eastern Europe since its founding in 1992.
DONGKWANG is currently engaged in supplying auto spare parts and several kinds of lubricants including automotive lubricants, marine lubricants, and industrial lubricants.
For automotive lubricants, DONGKWANG provides customers with gasoline engine oil, diesel engine oil, and automotive gear oil.
For marine lubricants, DONGKWANG supplies cylinder oil for crosshead type diesel engines, system oil for crosshead type diesel engines, and engine oil for fishing boats.
For industrial lubricants, DONGKWANG supplies top-quality oils such as hydraulic oil, refrigerating machine oil, transformer oil, process oil, and liquid paraffin. In addition, DONGKWANG exports such automobile parts as filters, batteries, tires, etc.
Based on his experience in overseas trading at Dongjoo Industries, a paint company that used to be owned by Daewoo Group (a large Korean conglomerate), Mr. Sang-hoon Lee, the founder, pioneered the Far East Russian market immediately after Korea and Russia established diplomatic relations in 1990. Mr. Lee also has been taking the lead in introducing the products of excellent Korean SMEs to overseas markets using the professional trading company program of KITA.

Through the efforts of the CEO, DONGKWANG established more than 100 sales outlets all over Russia, including the cities of Moscow, Vladivostok, Khabarovsk, St. Petersberg, etc.
DONGKWANG is also expanding its sales channels through Eastern Europe, including Ukraine, Kazakhstan, Armenia, etc.
DONGKWANG received the USD 10 Million Export Award from the Korean government on the Trade Day, one of the major trade-related events in Korea, in 2009. DONGKWANG has been increasing its exports every year and is aiming to surpass the USD 50 million mark in exports.

Expansion into the markets for ship lubricants,
shipbuilding equipment and various kinds of ship’s spare parts

To diversify its export items, DONGKWANG has planned to actively expand into the markets for ship lubricants, shipbuilding equipment, and ship items.
To achieve its goal, DONGKWANG is acting upon its plans systematically, including relocating its offices to the International Ship Article Distribution Center, a free trade zone, and identifying new sourcing items.
Mr. Lee is currently serving the Busan Professional Trade Company Association as its chairman and working as a pioneer who paves the way for the excellent Korean SMEs to export their products to the world.

 
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