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Handok pianos, which ceased piano production in 1995. were manufactured by the Handok (Korean-German) Piano Manufacturing Company. Handok (president Woon-Kwang Paek), founded in 1972. began by building piano components: ACTION and HAMMER head, In 1974 Handok established a joint-venture enterprise with Saito Action Manufacturing Company in Hamamatsu. Japan, and manufactured actions exclusively for export In 1976 Handok acquired an agreement for technical cooperation from German piano-maker SCHIMMEL and building upright pianos of the German Schimmel models; the agreement with Schimmel expired in 1986. Handok produced only upright pianos, and its pianos were sold mainly on the export market. Up to 1989 Handok produced about two thousand pianos per year. However, the 1990-1991 production figures decreased to only about one thousand pianos because at that time the company was in the process of moving into a new plant In 1995 Handok ceased its piano production entirely.Click here for source