Kiostec Inc.  

Establishment of specialized manufacturing company for Automatic vending Machines.
Our company was established under the name of Il Song Co., Ltd. on April 23, 1996,starting to manufacture machineries for Automatic Vendors. At the beginning of company establishment, our technology was recognized in the Market by development and supply of automatic lottery ticket vending machine and after that, our Research & Development have been continued constantly by development and supply of the main parts such as coin unit system, hopper, equipment to distinguish paper currency, etc. In the year of 1997, we were selected as the excellent technology company by the Korea Technology Credit Guarantee Fund and again in the year of 1998, were selected as the Venture  Enterprise based on the patent technology.

Capturing the opportunity market during the period of IMF trials.
Even though our company had been under the period of IMF trials during most of the life after establishment, our company has managed the business stably  reacting flexibly against the Markets such as photo sticker vending machine market, DDR market and custom-made CD vending machine market which were able to be blowing the vitality into the amusement market even in that period as well.