As the technology collaboration agreement with NIPMAN in India was terminated in October 2018, a second technology collaboration agreement was signed with YAGACHI, an India newcomer in the automotive steering system market, in July 2019, and the transferring technology range is from the design of steering gear parts to final assembly. By transferring advanced technology, IL-RYUNG is contributing to development of the Indian automobile industry while increasing sales of YAGACHI through new orders from YAGACHI’s customers.