In addition to being a national industry and a contributor of the national economy, the machinery industry has evolved over past decades into being a mainspring of the rapid growth. Until 1970, the Korean machinery industry relied heavily on foreign capital and technology. Howerer in 1973, the Korean government established a massive industrial complex at Changwon, located in the Gyeongnam Province. This complex was originally developed to jump start the national economy and today we can see the direct effects of this endeavor with 1,350 manufacturers and a production net worth of US$ 31 billion. The machinery industry as a whole has rapidly developed and positioned Korea into a higher realm of world industrial production. Notably, Korea is first in the world in shipbuilding, fifth in steel production and automobile manufacturing, and 12th in total trade volume. This is not a miracle, as some experts may have stated, but rather the result of Korean ingenuity and hard work. Presently, the focus is on strengthening productivity through technological development and renovation. In this regard, innovation and the adoption of up-to-data technology are needed to meet the increasing demand for high-tech machinery. KOAMI's goal is to keep our business cycles high as global competition intensifies.