Young Chang

[1]: 3–1  Young Chang reported sales in the United States, China, Canada, Korea and the European Union under its own brand.

[citation needed]In addition to guitars and pianos (vertical and grand varieties), Young Chang produced in the late 1990s harmonicas, reed organs and industrial woodworking machinery.

[1]: 2–11 : 5–5  The Chinese facility allowed Young Chang to start serving the low-end markets, part of a long-term strategy involving shifting production from Korea to China.

[1]: 4–12  The quality of pianos produced by this new plant was initially high, but dropped sharply after technicians who had helped set up the production returned to Korea, which had a significant impact on their ability to complete sales.

[1]: 4–15 : 6–12 Joseph Pramberger, a former vice president from Steinway & Sons (head of manufacturing) and an experienced piano designer, joined the company in 1995.

Pramberger brought many innovations to piano design, including the "Platinum Touch Action" and the patented asymmetrically tapered soundboard.

The year following the opening of the Tianjin, China factory, in October 1996, Young Chang entered into bankruptcy, emerging in August 1998.

[1]: 5–12  Young Chang has more than 2,000 full-time workers, designing and building its upright and grand pianos, and also the electronic Kurzweil Music Systems.

However, the Korea Fair Trade Commission blocked the acquisition as it would create a monopoly and ordered Samick to dispose of its shares in Young Chang.