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For a sustainable tomorrow
2023
- Chairman Cho Hyun-joon receives “2023 Korea Management Award”
- Group ESG brand Re:Gen (Reply to Every Generation’s Future) developed
- Hyosung TNC launches “sustainable” black spandex
- Hyosung TNC first to apply recycled fishing net fiber “regen Ocean Nylon” in outdoor apparel
- Hyosung Heavy Industries establishes European R&D Center (Arnhem, the Netherlands)
- Hyosung Heavy Industries receives CDP Carbon Management Sector Honors
- Hyosung Heavy Industries signs a long-term supply MOU with Australian Energy Regulator for power equipment
- Hyosung Chemical recognized as a company supporting the conservation of endangered species
- Hyosung TNS opens NFT portal service “NFTtown”
For a sustainable tomorrow
2022
- Hyosung Corp. receives “King Sejong Award” at Korea Patent Technology Awards
- Hyosung Corp. declares support for “TCFD” for the climate change response
- Hyosung Corp. signs MOU for green hydrogen industry development in S. Jeolla Province
- Chairman Cho Hyun-joon receives “Korean Management Award” from Korean Management Association
- Hyosung TNC commercializes the world’s first bio spandex
- Hyosung TNC officially launches operation of “depolymerization” for sustainable nylon production
- Hyosung Advanced Materials decides to establish carbon fiber production unit in Jiangsu Province, China
- Hyosung Heavy Industries signs MOU for hydrogen engine power generation and joint development with Korea East-West Power
- Hyosung Heavy Industries signs MOU for GIS project implementation with NEOM City in Saudi Arabia
For a sustainable tomorrow
2021
- Hyosung Corp. establishes ESG Management Committee
- Hyosung Corp. absorbs and merges Hyosung Transworld PU
- Hyosung Corp. and Hyosung Advanced Materials receive CDP “Carbon Management Sector Honors”
- Hyosung Corp. launches the first corporate venture capital “Hyosung Ventures”
- Hyosung TNC achieves historic operating profit of 1 trillion won ($750 million)
- Hyosung TNC signs business agreement with Busan City for resource recycling project
- Hyosung Advanced Materials attains “Gold Medal Grade” in EcoVadis 2021 Sustainability Assessment
- Hyosung Advanced Materials expands Ulsan aramid plant’s capacity
- Hyosung Advanced Materials signs a long-term carbon fiber supply contract with Hanwha Solutions
- Hyosung Heavy Industries declares hydrogen business vision and holds groundbreaking ceremony for liquid hydrogen plant
- Hyosung Heavy Industries enters strategic partnership with STT GDC, a leading data center services provider
- Hyosung Heavy Industries gains the first international recognition for domestic STATCOM
- Hyosung Heavy Industries and Linde establish joint venture for a liquid hydrogen business and commence construction of Ulsan liquid hydrogen plant
For a sustainable tomorrow
2020
- Hyosung TNC, Hyosung Advanced Materials, and Hyosung Chemical achieve A+ in ESG management performance evaluation by KCGS
- Hyosung TNC signs agreement with the Ministry of Environment, Jeju Province, Jeju Province Development Corp. and Pleatsmama for the establishment of a resource recycling system in Jeju
- Hyosung Advanced Materials expands carbon fiber production line at its Jeonju plant
- Hyosung Heavy Industries joins hydrogen energy network “HyNet”
- Hyosung Heavy Industries signs an “agreement to attract offshore wind power companies in N. Jeolla Province”
- Hyosung Heavy Industries secures the first overseas project for ESS (Downing 50 MW in the UK)
- Hyosung Heavy Industries commences production at ultra-high-voltage transformer factory in Tennessee, the USA
- Hyosung Heavy Industries receives an order for 420 kV ultra-high-voltage breakers from Sweden’s Vattenfall
- Hyosung Heavy Industries completes Yongsan Central Park Harrington Square
For a sustainable tomorrow
2020
- Hyosung Chemical and KIST (Korea Institute of Science and Technology) develop gas barrier packaging film material
- Hyosung Chemical establishes Neochem PU Materials Research Institute
- The 2nd regular shareholders meeting to be held on March 20
- Hyosung ITX launches AI chatbot customer service center
- The Class Hyosung signs MOU with Citibank
- Hyosung Information Systems opens a data center solution demonstration DX Center

From the first to the best
2019
- Selloff of Hyosung Capital
- Hyosung Corp. establishes Production Technology Center
- Opening of the birthplace of Hyosung Group's founder, Cho Hong-je
- Hyosung TNC unveils “Creora® Re: Gen,” the sustainable spandex, for the first time
- Hyosung Advanced Materials receives “Top Exporter of 500 Million Dollars” Award at the 56th Trade Day
- Hyosung Heavy Industries acquires MEPPI, a transformer factory in Tennessee, US
- Hyosung Heavy Industries establishes Korea’s first liquefied hydrogen charging station in Samcheok, Gangwon Province
- MOU with Linde Group for liquid hydrogen business promotion
- Hyosung Heavy Industries successfully develops and demonstrates Korea’s first voltage-type HVDC
From the first to the best
2018
- Hyosung splits into Hyosung Corp. (Holding company) and 4 other units: Hyosung TNC, Hyosung Advanced Materials, Hyosung Heavy Industries and Hyosung Chemical
- Hyosung Advanced Materials establishes a new tire cord production unit in Vietnam
- Hyosung ITX builds CJ Hello’s voice recognition customer support system
- Hyosung’s “Prizma” wins IR52 Jang Yeong-sil Award in 2018
- Corporate Day joint IR meeting held
- Hyosung R&DB Labs obtains “New Technology Certification” for improved light transmission film
- Hyosung TNS receives commendation at the 2018 disability employment promotion event
- Song In-sang, a National Social Contributor, selected as the February Honorary Patriot
From the first to the best
2017
- Cho Hyun-joon assumes chairmanship of Hyosung Group and appointed representative director
- Establishment of Transparency Committee
- MOU signed for the construction of propylene desulfurization plant, PP production plant and LPG storage facility in Vietnam
- Completion of the new transmission STATCOM plant at Changwon complex
- Hyosung R&DB Labs received the “Korea Engineer Award” by the Ministry of Science, ICT and Future Planning
- Received the Grand Prize in the Residence-Commerce Composite Sector of the 2017 Sustainable Construction Industry Awards
- Received the “Minister of SMEs and Startups Commendation” during the 2017 Win-Win Growth Week
- Selected as an excellent company in labor-management culture for 2017 at Gumi plant
- Completion of the FACT plant within Changwon Plant No. 1
- Received the Highest Honor Award from the Korean Red Cross
- Hyosung R&DB Labs’ propane desulfurization catalyst process technology selected as one of the “2017 Top-14 Industrial Technologies”
- Recognition from the Ministry of Science and ICT for contributions to nuclear fusion research by Power PU
- Completion of Central Park Harrington Square in Gongdeok
From the first to the best
2016
- Celebration of the 50th anniversary of the founding of Hyosung Group (Nov. 3)
- Successful development of the first 15 MW-class tidal power generator in Korea by Power PU
- Completion of the automotive carpet factory in Qingdao, China, by Interior PU
- Chairman Cho Hyun-joon awarded the Chung Jin-ki Media and Culture Awards in the Science and Technology Research category
- Received the Minister of Land, Infrastructure and Transport Prize at the Eco-Friendly Construction Industry Awards
- Certification of the Automotive Quality Management System by the POK Project Team
- Recognition from the Minister of Trade, Industry and Energy for Hyosung Goodsprings
- Awarded the Prime Minister’s Commendation at the 2016 Sharing National Awards
- Recognition with the “Greenhouse Gas Reduction Merit” Industry Minister Award during Climate Week
- Hyosung ITX received the Ministry of Gender Equality and Family Award for excellence in work-life balance
- Surpassing 1 trillion won ($750 million) in operating profit in 2016 and joining the “1 Trillion Won Club”
From the first to the best
2015
- Opening the daycare for employees' children at Changwon plant and Mapo headquarters
- Selected as an “Outstanding Institution for the Cultural and Artistic Sponsorship” by the Ministry of Culture, Sports and Tourism
- PEstablishment of the Creative Economy Support Team (in N. Jeolla Province) and the Carbon Specialized Startup Incubation Center in Jeonju
- Delivery of buses equipped with carbon fiber CNG tanks by Hyosung and North Jeolla Province
- Opening of the Hyosung Corporate Pavilion in the DTC Textile Museum
- Award of the Copper Tower Industrial Medal for contribution to job creation by Hyosung ITX
- Achievement of the top position in the high-end storage market by Hyosung Information Systems
- Signing of MOU for the construction of the power grid in Mongolia by Heavy Industries PG
- First STATCOM orders received in India and Panama
- Certification as an excellent family-friendly company in 2015
From the first to the best
2014
- Power PU receives a $100 million order for sub-stations from Algeria’s Sonelgaz
- Completion and power supply of the solar power plant in Mozambique by Power PU
- Completion of the first CNG charging station for taxis by Electric Machinery PU in Korea
- Supply of renewable energy ESS (1.25 MW/3 MWh) to Gasa Island, South Jeolla, by Power PU
- ISO/TS 29001 certification obtained by Spandex PU Gumi plant, the first in Korea
- Completion of the world’s largest “Pump Test Center” by Hyosung Goodsprings
- Launch of the spandex brand “Creora® Comfort” for diapers
- Agreement on the adopt-a-grave program with Seoul National Cemetery
- Opening of the local office in Jakarta, Indonesia, by Nautilus Hyosung
- Signing of a business agreement (MOU) for enhanced cooperation in the power sector with Saudi Electricity Company by Power PU
From the first to the best
2014
- Development of Polyketone-based membrane manufacturing technology for wastewater treatment by Hyosung R&DB Labs
- Recognition as an outstanding company in the textile sector in the “Excellent Companies in Climate Change Competitiveness” organized by the Korea Chamber of Commerce and Industry
- TPA Yongyeon plant received commendation from the Minister of Trade, Industry and Energy
- Recognition as an excellent workplace in the hazard assessment organized by the Ministry of Employment and Labor and the Korea Occupational Safety and Health Agency for Gumi plant
- Selection as the most excellent supplier in the “2014 Quality Awards” by Hyosung Information Systems HDS
- Surpassing 1 trillion won ($750 million) in contract amount in the construction division
- Acquisition of 2 MW-class wind turbine HS90 renewable energy facility certification from DEWI-OCC in Germany
- Launch of the new brand “creora® Easy Scour” by Spandex PU
- Opening of Sevit Island
- The Class Hyosung opens an exhibition hall in Cheonan
- Award of the 2014 Korea Technology Award for high-performance carbon fiber “Tansome”
From the first to the best
2013
- Completion of the carbon fiber plant in Jeonju, obtaining ISO certification
- Launch of the carbon fiber brand “Tansome”
- Launch of the integrated apartment brand “Hyosung Harrington Place” by Construction PU and ChinHung International
- World’s first commercialization of high polymer material “Polyketone”
- Turnkey contract for a solar power plant in Mozambique by Power PU
- Investment decision for the construction of TAC film plant No. 2 in Oksan Industrial Complex
- Certification secured for pressurized hollow fiber membrane module by Hyosung R&DB Labs
- Award of the “2013 Frost and Sullivan Product Line Strategy in ESS Integration Award” to Hyosung ESS
- Certification of the “2013 World-Class Product” for the gas-insulated switchgear by Power PU
- International carbon labeling certification for tire reinforcement PU
- Expansion of the propylene plant at Yongyeon complex
- Establishment of the first location of the social enterprise Goodwill Store
From the first to the best
2012
- First shipment of solar inverters by Heavy Industries PG
- Commercialization of 1 kW-class dual cell stack for household fuel cells by Heavy Industries Research Institute
- Contract signed for the power grid project in Qatar by Heavy Industries PG
- Selection as the “Charging System Operator” for the EV Sharing Pilot Project under the supervision of Korea Electric Power Corp.
- Heavy Industries PG received an order for ESS at the Guri Agricultural and Fisheries Center (250 kW/500 kWh).
- Neochem PU received the “2011 Global Most Improved Supplier” award from Linde in Germany.
- Commercialization of 1 kW-class dual cell stack for household fuel cells by Heavy Industries Research Institute
From the first to the best
2011
- Tire Reinforcement PU signed a long-term supply agreement (5 years) with Michelin.
- Industrial Materials PG achieved success in steel cord development, announcing investment plans.
- Tire Reinforcement PU signed a $1.8 billion steel cord supply agreement (the largest in the steel cord industry).
- Acquisition of Global Safety Textiles, the world’s largest airbag fabric manufacturer
- Completion of the spandex factory in Brazil
- Wind Power Division ships the first 2 MW wind turbine for commercial use.
- Hyosung R&DB Labs enters into a partnership with Nanocyl in Belgium.
- Introduction of the first aseptic filling method for PET bottles for soy milk supply (Binggrae)
- Spandex yarn “creora” selected as a world-class product
- Cooling PET yarn “Askin” selected as the next-generation world-class product
From the first to the best
2010
- Won the <li of $4 Billion Exports Award> at the 47th Trade Day
- Heavy Industry PG exported the wind power components of its technology for the first time.
- Chemical PG established the Asepsys unit 2 line at Gwangheawon Plant.
- Fiber PG builds a spandex corporation in Brazil.
- Heavy Industry PG signed a contract to build an electrical power grid in Qatar.
- Heavy Industry PG signed with SONELGAZ (Algeria) for four extra-high voltage substations.
- Heavy industry PG produced motors/quick for high-speed electric vehicle chargers.
- Industrial Materials PG announced the establishment of a joint corporation for steel cords in China and Thailand with Sumitomo, Japan.
- Hyosung was selected as the extra-high voltage transformers' main supplier by National Grid in the UK (Central electricity generation board).
- Heavy Industries PG supplied Two 154kv 50MVA STACOM to Jeju.
- Fiber PG expanded polyester yarn factory in Gumi.
- Fiber PG supplied Askin materials to Uniqlo.

Beyond Korea, reaching out to the world
2009
- Declared the Hyosung Way
- Industrial Materials PG completed the Aramid fiber plant.
- Chemical PG completed the TAC film plant.
- The merger of Star Lease and Hyosung Capital.
- Established Hyosung Toyota Corporation.
- Heavy Industries PG signed an MOU for a wind farm with Korea Southern Power Co.
- Heavy Industry PG acquired international certification for 2MW and 750kW gear-type wind turbine systems (DEWI-OCC, Germany).
- Polyester stretchable fiber Xanadu was selected as a next-generation world-class product (Ministry of Commerce, Industry and Energy).
- Hyosung R&DB Labs received Presidential Award for Merit of Promotion of Science and Technology (Korea Industrial Technology Association).
Beyond Korea, reaching out to the world
2008
- Fiber PG completed the spandex plant in Turkey and Vietnam.
- Acquired Chinhung International, Inc.
- The heavy industry expanded its extra-high voltage power facility.
- Industrial Materials PG completed a tire cord plant in Vietnam.
- Completed the Nantong Plant of Hyosung Transformer Co., Ltd. in China.
- Completed a photovoltaic power plant in Taean, Chuncheongnam-do.
Beyond Korea, reaching out to the world
2007
- Neochem started production at Yongyeon Plant.
- PP/DH PU's PP'R200P' for piping was selected as a world-class product by the Ministry of Commerce, Industry, and Energy.
- Founded subsidiaries in US and Brazil
- Polyester-based electricity-conducting yarn conjugate spinning technology is certified as a new technology by the Ministry of Science and Technology.
- Acquired Dongguk Trade's Plant in Zhuhai
- The Class Hyosung ranked No. 1 in customer satisfaction for 3 consecutive years.
- Fiber PG built spandex plants in Turkey.
- Heavy industry PG's cumulative production of circuit breakers exceeded 10,000.
- Started conservation of Kim Gu's Refuge historical heritage site in China.
- Hyosung Capital signed a contract to acquire Star Lease.
- Tire & Industrial Reinforcements PU built a tire cord plant in Vietnam.
- Heavy Industries PG completed a photovoltaic power plant in Samrangjin.
- Fiber PG released recycled-fiber ‘Mipan Regen’.
Beyond Korea, reaching out to the world
2006
- Introduced brand management system.
- Acquired Nantong Wubang Transformers Co., Ltd in China.
- Acquired a part of Agfa Photo's assets in Germany.
- Successfully developed Korea's first wind turbine system.
- Selected as the Most Respectable Company' for 3 consecutive years.
- Unveiled the statue of Chairman Manwoo Hong-Jae Cho (Dongyang Academy).
- Built steel cord plant in Nanjing, China.
- Celebrated the 100th Anniversary of Chairman Manwoo Hong-Jae Cho's birthday.
- Signed a $32 billion contract to supply tire cords.
- Acquired four plants from Goodyear.
- Hyosung CTX launched a gaming business.
Beyond Korea, reaching out to the world
2005
- Completed nylon film plant in Jiaxing, China.
- Completed the Baoding transformer plant of Hyosung
- Tianwei Transformer Co., Ltd. in China.
- Completed nylon film plant in Gumi.
- Hyosung Information System won the award certificate from the Minister of Information and Communication.
- Signed a long-term contract of $650 million with Michelin and acquired a local plant.
- Polyester yarn PU obtained ISO 9001, ISO 14001 certifications.Completed China's first 750kV transformer substation.
- Won the Prime Minister's Award for excellence in training and education.
Beyond Korea, reaching out to the world
2004
- Yongyeon Plant obtained TPA ISO 14001 certification.
- Completed the spandex Plant in Zhuhai, China.
- Gumi Plant No. 1 expanded nylon film plant.
- Completed the distribution transformer plant in Baoding, China.
- Introduced garment yarn nylon 66 ‘Zenio’ onto the market.
- Expanded the spandex Plant in Gumi.
- Signed a supply contract for 750kV extra-voltage
- switchgear with Northwest Street Power Grid Corp, China.
- Completed the tire cord plant in Jiaxing, China.
- Interior PU launched the PTT carpet ‘Ion-free’.
- Eonyang Plant obtained the ISO/TS 16949:2002 certifications.
- Nylon yarn PU obtained the ISO 9001:2000, ISO/TS 16949:2002, and ISO 14001:1996.
- Developed the silver nanofiber, ‘Mipan Nano Magic Silver’.
- Hyosung Dryvit changed its name to Hyosung Innotech Inc.
Beyond Korea, reaching out to the world
2003
- Developed nylon 66 yarn for airbags.
- Ulsan Plant obtained the ISO/TS 16949:2002 certification for Tire & Industrial Reinforcements PU.
- Established Hyosung Steelcord Co., Ltd in Qingdao, China.
- Established Boarding Hyosung Tianwei Transformer Co., Ltd in Huabei Province, China.
- Established The Class Hyosung, an import car sales corporation.
- Developed silver fiber ‘Mipan Magic Silver’.
- Established Hyosung Guangdong Spandex Co., Ltd in Guangdong Province, China.
- Established Hyosung Film Co., Ltd in Zhejiang Province, China.
Beyond Korea, reaching out to the world
2002
- Hyosung Computer PU and Hyosung Data System merge to Nautilus Hyosung
- Acquisition of Michelin’s Scottsville tire cord plant in the US
- Signing of long-term supply contract with Michelin on tire cords
2001
- Acquisition of Teleservice
- Implementation of ERP
2000
- Expansion of the polyester tire cord plant
- Acquision of Bridge Solutions Group, Hongjin Data System, and Igis Venture Group
- Foundation of Hyosung Jiaxing Anyun Ltd.

Aiming for becoming Korea’s best
1999
- Expansion of the spandex plant in Gumi
1998
- Hyosung T&C, Hyosung Trading, Hyosung Life Industries, and Hyosung Heavy Industries merge to Hyosung Co., Ltd.
- Organizational restructuring: five PGs and 31 PUs
1997
- Foundation of Hyosung Evara Engineering
- Foundation of Hyosung Finance
- Construction of a computer production plant in Beijing
- Construction of a home carpet plant in Cheongwon
- Acquisition of ISO 9001 certification in the chemical fiber sector
- Acquisition of ISO 9001 certification in the information technology sector
Aiming for becoming Korea’s best
1996
- Changed the name of Tongyang Nylon to Hyosung T&C Co., Ltd.
- Changed the name of Tongyang Polyester to Hyosung Living Industry Co., Ltd.
- Established Hyosung VINA in Vietnam
- Increased PP capacity (110,000 tons --> 230,000 tons).
- Started polyester film business.
- Exceeded 1 trillion in sales.
- Established the nylon film plant in Daejeon.
- Hyosung Living Industry received ISO 9001 certification for all its products.
- Obtained ISO 9001 certification for all heavy industry products.
1995
- Completed the Tile Carpet Plant in Daejeon.
- Completed the Gumi Plant No. 2.
- Inaugurated the 21st Century Committee, the 2nd Wave Business Launch Committee.
Aiming for becoming Korea’s best
1994
- Foundation of Hyosung Information and Communication
- Completion of the construction of the Jochiwon Plant
- Selected as an excellent construction company by the Ministry of Construction and Transportation
1993
- Relocation of the headquarters to Gongdeok-dong, Mapo-gu, Seoul
- Development of PREMO, a microorganism material for sewage treatment
- Acquisition of ISO 9001 certification for four sectors including extra-high voltage transformers, circuit breakers, and motors
1992
- Acquisition of the CFC nylon plant in Sri Lanka
- Commencement of the production of spandex in Anyang Plant
- Completion of the construction of Gumi Plant 1
- Completion of the construction of Changwon Plant 5 (reducer plant)
Aiming for becoming Korea’s best
1990
- Completion of the construction of the PP/DH plant in Yongyeon
- Awarded the 500 Million Dollar Export Tower
- Foundation of the Hyosung Life Industries Scholarship Foundation
1989
- Entry into the PP and propylene business
- Foundation of Hyosung EBARA
- Trademark registration of TOPLON (40 countries)
- Completion of the construction of Changwon Plant 4 (electric field plant)
1988
- Foundation of the Resin Processing Research Institute
1987
- Foundation of Korea Engineering Plastics
- Merger of Wonmi Fiber Engineering
- Completion of the construction of Changwon Plant 3 (rotator plant)
Aiming for becoming Korea’s best
1986
- Established Hyosung Hitachi Data Systems (currently Hyosung TNS).
- Founded the training institute.
- Selected as the best builder by Korea National Housing Corporation.
1985
- Established Hyosung NAS (currently Hyosung Information System).
- Completed General Training Institute in Anyang.
1984
- Acquired Toplon Co., Ltd.
- Acquired Hyosung Construction Co., Ltd.
1983
- Established Electronic R&D Center.
- Started exports of motors to the US.
Aiming for becoming Korea’s best
1982
- First export of tire cord manufacturing technology to India
- Export of special 230 kV iron tower to Bangladesh
1980
- Foundation of Hyosung BASF
- Construction of a computer plant in Gumi
1978
- Foundation of the Heavy Industries Technology Research Institute
- Received the Best Quality Management System Award
- Development of BCF yarn for carpets
1977
- Completion of the construction of the heavy industries plant in Changwon
Aiming for becoming Korea’s best
1976
- Acquisition of Dongyang Educational Foundation
1975
- Acquisition of Hanyoung Engineering
1973
- Foundation of Toplon
- Foundation of Dongyang Polyester
- Foundation of Dongyang Dye Engineering
1971
- Foundation of the Electronic Communication Research Center
1970
- Merger of Hanil Nylon
Aiming for becoming Korea’s best
1969
- Korea’s first to develop a 154 kV high-voltage transformer
1968
- Completion of the construction of the Ulsan Plant
1967
- Completion of the construction of the Ulsan tire cord plant
1966
- Foundation of Dongyang Nylon