A South Korean design company has won the Red Dot Award for agency of the year in recognition of the firm’s distinguished design output over the past five years.

Design company “601bisang” won the honor at the awards ceremony held in Berlin early Thursday morning, Korea time.

The Red Dot Award was founded in 1955 and is one of the world’s three prestigious design awards. Roughly seven-thousand designs from 50 countries around the world are up for competition to win the annual award.