• Busan, Korea

    Wärtsilä in Korea

History of Wärtsilä in Korea

Originally, the name came from Wärtsilä, a city in eastern Finland where the company was founded in 1834. 
Today, it stands for “The passionate and creative partner who gets things done".

License agreement for 2-stroke engine with Hyundai Heavy Ind.
1984License agreement for 2-stroke engine with Korea Heavy Ind.
- License agreement for 4-stroke with SsangYong Heavy Ind.
- Establishment of Wärtsilä Korea Liaison office
Establishment of Wärtsilä Korea Ltd.
1995Termination of the License agreement with SSangYong
Establishment of Wärtsilä NSD Korea Ltd. through merger with
New Sulzer Diesel Ltd.
Renamed into Wärtsilä Korea Ltd.
Establishment of CISERV Korea Ltd.
Wärtsilä Korea merged CISERV Korea
2007Opening of Training Centre (Wärtsilä Land & Sea Academy)
Move into Eomgung Premises for "All under one roof"
Wärtsilä-Hyundai Engine Company (JV 50%/50%) inaugurated
2013.1Training Centre joined Wärtsilä Korea Eomgung Premises
2014.1Wärtsilä Korea merged Wärtsilä Hamworthy Korea
2015.1Transfer Wärtsilä 2S business into JV Winterthur Gas & Diesel(WinGD) Korea Ltd.
(Wärtsilä vs CSSC : 30% vs 70%)
2016.6Divestment of Wärtsilä's 30% shares in 2S business JV WinGD of CSSC.
2018.4Wärtsilä Korea merged with Wärtsilä Marine Systems Korea
2018.9Opening Wärtsilä Korea Seoul office
2020.3Relocation of Wärtsilä Korea Head office to Jung-Gu, Busan
2020.11Closure of Wärtsilä-Hyundai Engine Company