Myungkwang Industrial Co., Ltd. specializes in the manufacture and export of casters such as medium duty casters, heavy duty casters, and shock absorbing casters. These are usually used for industrial vehicles, stock carts, and automobile spare parts. The company produces these items by using a strict quality control and mainly exports to North America, Japan, and Southeast Asia.

Established in 1998, Myungkwang Industrial Co., Ltd. is a privately owned company with registered capital of around US$770,000. The company employs a workforce of 27, including six engineers and two quality assurance staff, at its headquarters in Daegu. Investment in the company amounts to some US$2.5 million and annual revenues are around US$2 million, approximately eighty percent of which is accounted for by exports.