Tong Yang Moolsan is based in Kangnam-gu, Seoul, South Korea, and is sometimes referred to as TYM. Early tractors were based on Iseki designs, from Japan. They have built tractors for other companies and been sold under various brands, including: SAME and Nibbi of Italy; Tong Yang; TYM; and Mahindra. In the United States, they have been imported under the Scorpion and Millennium brand names. In addition, TYM has some tie-ups with Case IH and SAME to either build, assemble or distribute their tractors in South Korea.
Tong Yang Moolsan was founded in 1951, originally for the Movie and trade business. It wasn't until 1973 that the Farm Machinery Factory was established. The company also manufactures cigarette filters, imports newspapers and magazines, manufactures stainless steel flatware (dinnerware) and other items.[1] TYM has production capacity of 10,000 tractors, 7,000 Combine harvesters and 15,000 Rice Transplanters per year.[2]
1962 Tong Yang Moolsan Co. and Bokun Enterprise Co. merged; Firm name changed to Tong Yang Moolsan Co., Ltd.
1964 Took over Korea Convenience Ind., Co., Ltd. and commenced manufacture export of stainless steel flatware and castings.
1968 Merged Korea Light Metal Co., Ltd. and commenced Agricultural Machinery production.
1973 Anyang Farm Machinery Factory established. Company shares opened to the public
1977 Light Metal Mill Factory moved to Changwon Industrial Complex from Seoul
1978 Designated as General Agricultural Machinery Manufacturer by the Government. Anyang Farm Machinery Factory moved to Changwon Idustrial Complex
1985 Agricultural Machinery Factory designated as First Grade Quality Manufacturer from the Government
1991 Head Office moved to Byucksan 125 Building, Tongja-Dong, Yonsan-Ku, Seoul. A joint corporation established in Indonesia for manufacturing Stainless Steel Flatware
1992 Established TYM's R&D Institute and Agricultural Machinery Training Institute
1993 Entered to Environment Business Division
1994 Associated corporation established in China for manufacturing Stainless steel Flatware
1996 Take over whole shares of other shareholders of PT.MITRA Tong Yang MoolSan
1997 Acquisition of ChangShin Co., Ltd and change its name into the second ChangWon Plant of Tong Yang MoolSan
1999 Established TongYang Agricultural Machinery(Suzhou) Co., LTD.
1999 alliance with Mahindra Tractors for Mahindra to sell TYM tractors in the USA under 'Mahindra' brand
2001 Established JiangSu TongYang Rice Transplanter Co., LTD.
