Please use another Browser

It looks like you are using a browser that is not fully supported. Please note that there might be constraints on site display and usability. For the best experience we suggest that you download the newest version of a supported browser:

Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser

Continue with the current browser

Milestones of business development

1950–2000

1954
Eisenberg & Co. becomes the agent of Siemens & Halske (S&H) and Siemens-Schuckertwerke (SSW)

 

1959
An order is received for the supply of telephone exchanges

 

1966
Gold-Star Co. Ltd., Seoul, becomes the agent for Siemens Telegraphy and Telephone Divisions

 

1967
An independent Siemens subsidiary is opened in Seoul with Eisenberg & Co. and Gold Star Co. Ltd., which in 1971 becomes Siemens Electrical Engineering Co., Ltd.

 

1970
The joint venture Gold Star Tele-Electric Co. Ltd. (GST) is founded with Gold Star Communications Co. Ltd.

 

1970
Siemens and Gold Star receive a major order for local and toll exchanges in South Korea

 

1974
The company receives an order to supply the electrical equipment for the locks in Seoul harbor

 

1974
Gold Star Tele-Electric is listed on the stock exchange

 

1976
Siemens and Gold Star Tele-Electric receive an order for electrical railway signaling equipment for the metropolitan area of Seoul

 

1986
Gold Star Tele-Electric Co. Ltd. is renamed Gold Star Telecommunication Co. Ltd.

 

1989
Siemens Electrical Engineering Co. Ltd. is liquidated and the company is renamed Siemens Ltd.

 

1996
Siemens and Samsung Electronics Co. Ltd. sign a sales and service agreement for Hicom telephone systems in Korea

 

1997
Siemens equips the first private power plant in South Korea, Bugok, with combined cycle technology

2001
Opening of a training center for Siplace pick-and-place systems in Seoul

 

2002
The South Korean network operator KT International, Seoul, awards Siemens a contract to deliver a turnkey Surpass railway signaling system

 

2004
Siemens delivers automation systems and electrotechnical equipment for a new hot-dip galvanizing line in Korea

 

2005
Siemens wins a follow-up contract for a turnkey project to build the Bugok II 550-MW combined cycle power plant

 

2007
Delivery of three double-strand slab casting lines for the Hyundai Steelworks Dangjin in Korea.

 

2008
Opening of the Siemens Ultrasound Systems Korea (SUSKO) Pohang factory and R&D Center in South Korea

 

2011
Siemens receives first order for the supply of its latest high-efficiency gas turbine (H Class) to combined cycle power plant Bugok 3 (later renamed Dangjin 3)

 

2012
Siemens Ltd. Seoul opens new headquarters in Poongsan Building at record speed

 

2012
The first driverless full automatic Light Rail Transit (LRT) project in South Korea, which links eastern Uijeongbu to the city centre of Seoul, is put into operation

 

2013
With the newly founded company Siemens Energy Solutions Ltd. (SESL) Siemens establishes a regional headquarters for Asia in South Korea