Schaeffler Korea was established as Shinhan Bearing Industry Co., Ltd in 1953 with the aim of enhancing the machinery industry in Korea before the end of the Korean War. Since then, the company has strongly maintained its position as the largest and best ball bearing factory in South Korea to this day.
With global developments and the phenomenon of globalization, Schaeffler Korea established a partnership with the German company FAG and became a member of the Schaeffler Group. In June 2006, the company changed its name to Schaeffler Korea. In addition to producing ball bearings, Schaeffler Korea has evolved into a company that also produces many essential auto parts.
Regarding this transformation, the company has become one of the world’s best manufacturers of auto parts and industrial machinery, working with global brands such as KBC, LUK, INA, and FAG.