
Kioti Tractors is the overseas brand of Daedong Corporation (KRX: 000490), a publicly traded South Korean agricultural machinery manufacturer headquartered in Daegu. Kioti tractors have been sold in North America since 1986 and are distributed by Daedong-USA from Wendell, North Carolina, through a network of more than 500 dealers.
Parent Company
Founded
1986
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Kioti Tractors | Daedong Corporation | Wholly owned |
Kioti's roots are Daedong's roots. Daedong was founded in 1947 in Jinju, South Korea, began producing motors in 1949, and moved into power tillers, tractors, and combines as Korean agriculture mechanized. The company opened its Daegu factory in 1984 and started exporting Daedong tractors to the United States in 1985.
The first Kioti-badged compact tractor arrived in the US in 1986 under a partnership with Lely, the Dutch farm equipment firm. Daedong-USA was founded in 1993, acquiring the Kioti brand outright, and established its first base in Wilson, North Carolina. In 2004, as volume grew, Kioti built a new North American headquarters on more than 13 acres in Wendell, North Carolina, which remains its US home.
Product milestones marked the expansion: the DK45 launched the DK series, the MECHRON 2200 added utility vehicles in the late 2000s, the RX series arrived in 2011, and the DK10 and NX series extended the lineup in 2014. Kioti earned NAEDA Gold Level Status for dealer satisfaction in 2015, and by 2018 it became the first Korean agricultural machinery brand to sell more than 10,000 units in a year in the United States.
Today the range covers six or more tractor series, three MECHRON UTV models, zero-turn mowers, and a full complement of implements. Its parent continues to invest in autonomous driving, electrification, and connected machine platforms.
Is Daedong publicly traded?
Yes. Daedong trades on the Korea Exchange under ticker 000490.
What is the relationship between Daedong and Kioti?
Kioti is Daedong's export brand. The Daedong name is used in Korea; Kioti, pronounced like "coyote," was created for overseas markets and acquired fully by Daedong in 1993.
When was Daedong founded?
The company was founded in 1947 in Jinju, South Korea, and began producing motors in 1949.
Where is Daedong headquartered?
At Nongong-eup, Dalseong-gun, Daegu, South Korea, with a Seoul office in Seocho-gu and North American operations in Wendell, North Carolina.
What is Daedong's revenue?
Consolidated revenue was KRW 1,484.7 billion in FY2025, with H1 2026 revenue reaching a record KRW 844.8 billion.
Does Daedong make tractors for other brands?
Yes. Daedong builds compact tractors for Doosan Bobcat under an OEM agreement signed in 2019, and it has supplied other makers historically.
How many employees does Daedong have?
Approximately 1,000 people as of late 2024, plus staff in overseas subsidiaries.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Tym | USA | 1968 | Mass market | United states | All Genders | |
| Ls Mtron | South Korea | 1977 | Mass market | Global | All Genders | |
| Mahindra And Mahindra | India | 1962 | Mass market | Global | All Genders | |
| International Tractors Limited | USA | 2020 | Mass market | United states | All Genders | |
| Tym | South Korea | 1951 | Mass market | Global | All Genders | |
| Agco | USA | 1990 | Mass market | Global | All Genders |
Conglomerates IndustrialOwned by TYM Corporation
TYM Corporation's Korean-built compact and utility tractor brand for North America, known for heavy cast-iron construction and value pricing.
Conglomerates IndustrialOwned by LS Mtron Ltd.
Compact and utility tractor brand of LS Mtron, the agricultural machinery arm of South Korea's LS Group, sold in more than 40 countries.
Conglomerates IndustrialOwned by Mahindra and Mahindra Limited
The flagship tractor line of Mahindra and Mahindra, the world's largest tractor manufacturer by volume with a 43.6 percent share of the Indian market.
Conglomerates IndustrialOwned by International Tractors Limited
American compact tractor brand founded in Atlanta in 2020 and owned by International Tractors Limited, the Indian maker of Sonalika and Solis tractors, sold through major farm and home retailers.
Conglomerates IndustrialOwned by TYM Corporation
Flagship tractor brand of TYM Corporation, South Korea's largest agricultural machinery maker, sold in more than 40 countries through TYM North America in Rome, Georgia.
Conglomerates IndustrialOwned by AGCO Corporation
The corporate master brand of AGCO Corporation, covering its agricultural machinery business and serving as the entry-level product line in select markets.
Market Positioning: Kioti Tractors competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Looking for brands with different ownership structures? These similar brands are not owned by Daedong Corporation, giving you alternative choices that support different corporate structures.
Conglomerates IndustrialOwned by LS Mtron Ltd.
Compact and utility tractor brand of LS Mtron, the agricultural machinery arm of South Korea's LS Group, sold in more than 40 countries.
LS Tractor is privately owned, unlike Kioti Tractors which is under a publicly traded parent company.
Conglomerates IndustrialOwned by International Tractors Limited
American compact tractor brand founded in Atlanta in 2020 and owned by International Tractors Limited, the Indian maker of Sonalika and Solis tractors, sold through major farm and home retailers.
Summit Tractors is privately owned, unlike Kioti Tractors which is under a publicly traded parent company.
Conglomerates IndustrialOwned by Adani Group
Indian cement and ready-mix concrete manufacturer, one of the oldest cement companies in India, owned by Adani Group since 2022.
ACC Limited is privately owned, unlike Kioti Tractors which is under a publicly traded parent company.
Conglomerates IndustrialOwned by Adani Group
Indian cement manufacturer providing construction materials and building solutions, owned by Adani Group since 2022.
Ambuja Cement is privately owned, unlike Kioti Tractors which is under a publicly traded parent company.
Conglomerates IndustrialOwned by Dalmia Bharat Group
Indian cement and building materials brand owned by Dalmia Bharat Group, the fourth largest cement manufacturer in India by capacity.
Dalmia Cement is privately owned, unlike Kioti Tractors which is under a publicly traded parent company.
Conglomerates IndustrialOwned by Rheem Manufacturing Company
Heating, cooling and water heating brand of Rheem Manufacturing Company, a privately held Atlanta manufacturer owned by Japan's Paloma Industries.
Rheem is privately owned, unlike Kioti Tractors which is under a publicly traded parent company.
Discover popular brands and companies in the Conglomerates & Industrial category and related searches from other users.

3D Systems is the flagship brand of NYSE-listed 3D Systems Corporation, the company founded by stereolithography inventor Chuck Hull in 1986, spanning metal and polymer printing.

The master services brand of ABM Industries, covering janitorial, engineering, aviation, parking, and technical facility services for over 20,000 clients.

Indian cement and ready-mix concrete manufacturer, one of the oldest cement companies in India, owned by Adani Group since 2022.