Hyosung has become the leading motorcycle manufacturer from Korea since its inception in 1978. A cooperative agreement with Suzuki Motor Corp of Japan in 1979 helped it get its feet on the ground to where annual production approaches 200,000 units and it has a 40% share in its home market. It has imported small and mid-sized motorcycles to the U.S. for the past several years. Hyosung Motors & Machinery Inc also specializes in the production of automotive parts and components.