TYM Chairman Kim Hiyong is awarded a citation from the Minister of Trade, Industry and Energy
TYM Chairman Kim Hiyong, who has been carrying out strategies to enter the U.S. market since establishing a U.S. subsidiary in 2004, has been recognized for his contribution to economic development such as increased exports, upgrading industries, and enhancing the national image through overseas.
In fact, as the demand for small tractors in North America increases rapidly, the export volume of TYM is also growing every year. TYM achieved 130,000 tractors and $140 million exports in 2020, and 160,000 units and $220 million exports in 2021, recording 57% annual growth.
TYM is focusing on R&D efforts with the aim of achieving $300 million in exports by expanding exports in 2022. Among them, the company plans to accelerate the development of agricultural machinery that combines the latest technologies such as ICT, artificial intelligence (AI), and autonomous driving.
Meanwhile, in November, TYM Group was selected as a participant in the Export-Import Bank of Korea Hidden Champion Promotion Program to select and nurture promising exporters with high technology and growth potential, proving the growth potential of global companies. It also achieved the first comprehensive evaluation "A grade" in the agricultural machinery industry at the 2021 ESG Evaluation and Rating Announcement of Listed Companies announced by the Korea Corporate Governance Service (KGS).
TYM Chairman Kim Hiyong emphasized, "We will be reborn as a leading company in the future core technologies such as unique high efficiency, multifunctional transmission design capabilities, autonomous driving, and telematics to establish ourselves as a leading company in Korea as well as overseas tractor markets."
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