Daedong (company)

Daedong Corporation
Native name
주식회사 대동
TypePublic
KRX: 000490
IndustryAgricultural machinery
FoundedMay 20, 1947; 79 years ago (1947-05-20)
Headquarters
Daegu, South Korea
Area served
Worldwide
Key peopleKim Joon-Sik
Chairman & CEO
ProductsTractors
Combines
Forage equipment
Seeding & Tillage equipment
Diesel engines
RevenueKRW 895.7 billion (FY 2020)
Websitehttps://www.daedong.co.kr
https://www.kioti.com
Footnotes
Kioti logo

Daedong Corporation, also known by the brand name Kioti in North America, is a South Korean agricultural machinery manufacturer founded in 1947 and headquartered in Daegu, South Korea. Its main products include tractors, combine harvesters, all-terrain utility vehicles and engines.

History

Daedong began operations as a metal casting company but soon shifted its focus to agricultural machinery. In 1949, the company produced Korea's first engine. This was followed by introducing Korea's first plow in 1962 and the production of Korea's first tractor in 1968.

In 1971, Daedong produced Korea's first combine harvester, a piece of machinery that improved agricultural efficiency. The company entered the U.S. market in 1982. In 1983, Daedong achieved another milestone by developing and producing multi-cylinder engines using its in-house technology. By 1985, they exported their first tractors. Kioti USA was formed in 1993.

This move allowed for future expansion in the North American market. The company was formerly known as Daedong Industrial Co., Ltd. and changed its name to Daedong Corporation in March 2021.

Kioti Tractor

Kioti Tractor (/kaɪˈoʊti/ "coyote") is the trade name for Daedong tractors in U.S. and other markets.

Product range

See also

References

  1. ↑ "Daedong Corp000490.KS". reuters.com. Retrieved 2021-08-20.
  2. ↑ "Daedong Corp". bloomberg.com. Retrieved 2021-08-20.
  3. ↑ "대동 70년". www.kamnews.co.kr/news (in Korean). Retrieved 2021-08-20.
  4. ↑ "Kioti UK Ltd". www.aea.uk.com. Retrieved 2021-08-20.
  5. ↑ "Tractor maker Kioti unveils its first CTL and skid steer". www.equipmentworld.com. Retrieved 2021-08-20.
  6. ↑ "Kioti UK Ltd". www.aea.uk.com. Retrieved 2021-08-20.
  7. ↑ "Tractor maker Kioti unveils its first CTL and skid steer". www.equipmentworld.com. Retrieved 2021-08-20.
  8. ↑ "Daedong Corporation (000490.KS)". www.finance.yahoo.com. Retrieved 2021-08-20.
  9. ↑ "KIOTI France Selects ARI's eCatalog Solutions to Support Its Dealers". www.arinet.nl/news. Retrieved 2021-08-20.
  10. ↑ "Kioti parts catalog". AGA Parts. Retrieved 2021-11-24.
  11. ↑ "Kioti UTVs catalog". Kioti. Retrieved 2024-09-22.