March 15 - Established Cheongwang F.A Industry Co.,Ltd(joint venture)

June 17 - Spin-off from Cheongwang F.A Machinery Division, and
                 established Baegwang Mechanical Industry Co.,Ltd

August 08 - Obtained I S O 9001 certification (HARTFORD - HSB)
September 10 - Registered as a cooperative company of Doosan Heavy
                           Industry Co.,Ltd
September 28 - Relocated the Noksan factory (land : 1250 pyong/factory:
                          600 pyong) Renamed to G.M.TEC Co.,Ltd
November 29 - Registered as a cooperative company of Hyundai Heavy
                         Industry Co.,Ltd
December 17 - Registered as a cooperative company of Samsung Heavy
                         Industry Co.,Ltd

February 05 - Registered as a cooperative company of Daewoo
                      Shipbuilding & Marine Engineering, marine division
April 25 - Registered as a cooperative company of Hanjin Heavy Industry
                 Co.,Ltd

August 10 - Registered as a cooperative company of Hyundai Hynix
November 30 - Bought Noksan 2nd factory(land : 500 pyong/factory :
                          485 pyong)