1962 

Established with the capital of KRW50,000,000.

1967

Qualified to use the “KS” mark by the government.

1969

Developed rubber process oil for the first time in Korea.

1978

Took over an oil refining company (DAEHAN OIL IND. CO., LTD.)

1982

Started local blending of “BP” marine oils under the license of BP, UK

1983

Equipped with a dehydrating unit.

1986

Signed the technical-cooperation agreement for lubricating oil sector with Mitsubishi Oil Company Ltd. Japan.

1986

Gained the qualification by Hyundai Motor Company for supplying ATF & Genuine Engine Oil.

1989 

Received a certificate of merit from the minister of finance.

1989 

Corporation’s public offering of stocks.   Increased the Capital toKRW4,500,000,000

1991 

Completed a plant modification for additives manufacturing.

1994 

Mitsubishi Oil in Japan invested capital to Michang.

1994 

Research Institute Organized.

1998 

Awarded a Presidential Prize on the Day of Tax.

2000 

Began blending of viscosity modifier under the license of Infineum.

2002 

Qualified ISO 9001/2000 revision quality system(KSA-QA)

2008 

Q ualified ISO 14000 revision quality system