08/1997 Established IlWoong Trade Company, starting a trade business
04/1998 Changed the trading name of IlWoong Trade to IlWoong Industry
08/1999 Moved the office location from Jungang-Dong, Changwon, Gyeongnam to Paryong-Dong
06/2000 Moved the office location from Paryong-Dong, Changwon, Gyeongnam to the 4th Standard Factory, initiating production of pipes for construction equipment
11/2000 Won an award from the Minister of Commerce, Industry and Energy on the 37th Trade Day
11/2000 Entered into an agreement with the Changwon Polytechnic College for academic and industrial collaboration
01/2001 Changed the trading name of IlWoong Industry to Nokwon and incorporated the company
06/2001 Terminated business with LG Electronics for the supply of hubs
11/2001 Certified for ISO 9001
01/2002 Designated an alternative military service company by the Military Manpower Administration
02/2002 Terminated business with LG Electronics for the supply of hubs
05/2002 Selected by the Ministry of Commerce, Industry and Energy for IT business (ERP)
11/2002 Won 1-Million Dollar Export Award on Trade Day
03/2003 Opened an office in Shanghai, China
06/2003 Certified for clean business place by the Ministry of Labor
11/2003 Won the 9th Gyeongnam Trading Award
11/2003 Won a 3-Million Dollar Export Award on the 40th Trade Day