Sporting Legacy of
Success Since 1952
As a Major Contributor in Nation’s Sporting
Tradition, TaeguTec’s History is Filled
with Inspirational Stories of Success in Sports
Associating TaeguTec Ltd with the development of Korean sporting success is understandably counterintuitive.
Kim Hong-bok, Park Se-hak and Choi Eun-taek, much like TaeguTec (formerly Korea Tungsten Corporation (KTC)), played significant roles in South Korea’s development not only in the image of the country as a sporting nation and in the world of business and manufacturing but also as key players in the motivational inspirations for future generations to succeed in sports.
In 1956, KTC founded Korea Tungsten Company FC, a semi-professional football club in Yeongwol, Gangwon Province.
As key members of this team, they inspired Koreans to succeed when the Asian tiger economy was just starting the process of maintaining exceptionally high growth rates and rapid industrialization.
In 1965 and 1966, Korea Tungsten Company FC won back to back Korean President’s Cups and was the runner-up in 1962.
Again in 1960, 1962 and 1968, Korea Tungsten Company FC went on to be the runner-up team in the Korean National Football Championships.
Korea Tungsten Company FC’s most notable achievement was its impressive run in the 1967 Asian Champion Club Tournament hosted by the Asian Football Confederation. Korea Tungsten Company FC made it to the semi-finals in this major international sporting event.
In boxing, Korea was a newcomer yet in a short period produced some of the finest boxing talent the world has seen.
Kim Ki-su, sponsored by KTC, was South Korea's first world boxing champion. In result of his tremendous accomplishments, the southpaw played a pivotal role in inspiring the next generation and opening the world to Korean talent.
As an amateur, he won the welterweight gold medal in the 1958 Asian Games in Tokyo. In the 1960 Rome Olympic Games he was ultimately defeated by Italy’s Nino Benvenuti.
In his professional career he captured the World, WBC and WBA light middleweight titles by defeating Nino Benvenuti in 1966, thus evening the score. He defended the belt twice before losing it to Sandro Mazzinghi in 1968 by split decision. He retired the following year.
On Sponsorship was significant because “there were few big companies to cultivate sporting talent,” Mr. Ryu, the current TaeguTec vice-president of Administration Support states.
Yet KTC, under the leadership of Park Tae-joon, saw the value of fostering talent to build a better future. This was his legacy as the president of KTC and, afterwards, POSCO.
TaeguTec continues this legacy sponsoring Daegu FC, the city’s professional football team. In continuing it, the Asian metalworking giant continues its promise to the local community and the nation to inspire the next generation to succeed in sports or in the world of business and manufacturing.