Established in 1975, Ilshin Co., Ltd. is a privately owned company with registered capital of US$1 million. A further of US$1.5 million has been invested in business operations. A total of 45 workers, including 20 production engineers and two quality assurance staff, are employed at the company, which is located in Busan. Annual revenue is US$3.5 million, 30 percent of which is accounted for by exports to Europe, USA, and East Asia.