Bosch in Korea manufactures and markets automotive original equipment and aftermarket products, industrial automation and mobile products, power tools and accessories, and security systems. The company opened an office in Seoul in 1985. Bosch operates Robert Bosch Korea Limited Company, Bosch Electrical Drives Co., Ltd., Bosch Rexroth Korea Ltd., ETAS Korea Co., Ltd. and KB Wiper Systems Co., Ltd.(KCW 50%) in Korea. It employs more than 1,900 associates as per January 1, 2016. Bosch has a strong R&D presence in Korea with more than 250 engineers in research and development and a technical center with state of-the art testing and application facilities. In fiscal 2014, Bosch generated sales of 2.1 trillion KRW in Korea.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). According to preliminary figures, the company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected industry. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to create solutions for a connected life, and to improve quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 450 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs 59,000 associates in research and development.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
The Bosch Group employs associates in more than 50 countries. Learn more about our locations for research and development, manufacturing, and sales across the globe.
In 1886, Robert Bosch founded the “Workshop for Precision Mechanics and Electrical Engineering” in Stuttgart. This was the birth of today's globally active Robert Bosch GmbH.
Facts and figures *
Year of foundation:
Korea: 2.1 trillion KRW
Worldwide: 73.1 billion euros
Research and development cost:
Worldwide: 6.6 billion euros
* Korea: 2014 | Worldwide: 2016 (preliminary numbers)
Business sectors and divisions
Energy and Building Technology