Who Owns TYM Tractors?

The TYM name is recent but the company behind it is old. Tong Yang Moolsan was founded in Busan in September 1951, in the immediate aftermath of the outbreak of the Korean War. It entered agricultural machinery through a 1968 merger with Korea Light Metal and opened the Anyang farm machinery plant in 1973, which became the core of its tractor production.

For decades the company built a full domestic line of tractors, combines, rice transplanters, and tillers for Korean farmers, going public and adding research institutes through the 1980s and 1990s. The modern era began in 2004, when the company entered the United States tractor market with a compact line aimed at property owners and small farms.

Growth in North America was steady. The transformational event came in September 2016, when TYM acquired the assets of Kukje Machinery, maker of the Branson brand, combining Korea's second- and third-largest agricultural equipment producers into its largest. That deal vaulted it ahead of LS Mtron and Daedong domestically and handed it a ready-made North American dealer network.

In 2020 the corporation renamed itself TYM, aligning the company name with its global flagship badge. In 2023 it absorbed Branson's remaining independent US distributor into TYM North America, completing a single integrated sales operation. FY2025 revenue reached KRW 929.4 billion, up 17.8 percent, driven by North American tractor sales.