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Hyosung Donates KRW 100 Million for Patriots Home Jul.02, 2019


Hyosung visited the Army Headquarters in Gyeryong, South Chungcheong Province and delivered KRW 100 million for the “Patriots Home” project on July 2.

‘Patriots Home’ is a project aimed at improving the residential environment of Korean War and Vietnam War veterans.

Hyosung has sponsored this project for seven consecutive years since 2012. A completion ceremony of Patriots Home, which was built with sponsorships from 12 companies including Hyosung, was held on June 17.

At the donation ceremony, Hyosung Vice President Choi Yeong-beom said, “We would like to pay respect to war veterans who sacrificed themselves for the nation. We hope that they will spend the rest of their lives comfortably in a better environment.”

Hyosung will also visit the Army’s I Corps on July 5 to deliver a support fund. Hyosung has sponsored the I Corps every year after forging a “one-company one-army barrack” sisterhood with in 2010.

From 2016 to 2018, Hyosung sponsored a book café for the I Corps troops as part of a project to promote reading culture in the military. This year, the company plans to donate new books for the book café as well as fitness products.

Meanwhile, Hyosung has a “one-company one-cemetery” sisterhood relationship with national cemeteries near its business sites including Seoul National Cemetery, Daejeon National Cemetery, and Yeongcheon National Cemetery, where Hyosung employees regularly conduct cleaning activities.

About Hyosung : Hyosung Corporation is a South Korean industrial conglomerate, founded in 1966. It operates in various fields including heavy Industrial machinery, advanced materials, chemical industry, and textiles. Its CEO is Hyun-Joon Cho and the headquarter is in Mapo-gu, Seoul. Hyosung has a global network of about 90 sites in the U.S., China, Europe and other parts of the world, with about 30,000 employees. Tire reinforcements, spandex, and seatbelt yarns are No.1 in global market share.

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