Technology-Driven Innovation: How Technology Will Become HYOSUNG’s Success DNA

Over the past 50 years, HYOSUNG has grown into a technology-centered company, guided by its management philosophy of "technology-driven national development." Today, HYOSUNG is actively living out the Hyosung Way, which states: “With the best technology and management capabilities, we lead humanity to a better life.” Through technology-driven innovation, the company is now prepared to make its leap toward becoming a century-old enterprise.

HYOSUNG's Path to Becoming a 100-Year Company: Mastering Fundamentals and Creativity

HYOSUNG’s innovation strategy is built on a foundation of technology, with a focus on creating a sustainable future by developing green technologies and enhancing energy efficiency. Through renewable and recycled material technologies such as regen, the company is reducing carbon emissions and optimizing production processes using smart factory technology to save resources and achieve efficient energy use. Additionally, HYOSUNG is constructing a liquefied hydrogen plant to build a hydrogen energy ecosystem and utilizing carbon fiber technology to reduce the weight of hydrogen storage containers.

In the 21st century, technological trends are centered on sustainability. As global environmental regulations tighten, more clients are demanding low-carbon products, pollution reduction technologies, and energy efficiency solutions. HYOSUNG is already leading the way by incorporating green classification systems to define sustainable products, transparently communicating environmental impacts, and developing innovative technologies. The company has also invested KRW 11.6 billion in research and development for environmental sustainability, making strides in four key technological areas.

▲ Regen, utilizing bio-based materials extracted from waste PET bottles, discarded fishing nets, industrial waste, and sugarcane, reduces carbon emissions. (Source: Hyosung TNC

HYOSUNG regen: Innovation for a Sustainable Future

HYOSUNG’s regen product line represents a high-performance fiber series that uses bio-based and recycled materials from sources like PET bottles, discarded fishing nets, industrial waste, and sugarcane to significantly reduce carbon emissions. This innovation not only helps reduce pollution and resource waste by recycling materials but also lowers reliance on fossil fuels through the use of renewable bio-based materials, enabling sustainable production practices.

While the demand for sustainable products in the fashion and sportswear markets grows, HYOSUNG’s regen product line offers a fitting solution. It not only contributes to expanding the company’s global market share but also becomes a key strategic asset for meeting the needs of clients who aim to achieve carbon neutrality and resource circulation through ESG management. By leading the global sustainability trend, HYOSUNG is enhancing its brand value while driving revenue growth.

HYOSUNG's New Energy Technologies Paving the Way for Climate Solutions

Hyosung Heavy Industries' energy solutions technology enhances the efficiency of power transmission, distribution, and storage systems while creating new business opportunities in the energy sector. Specifically, its DC transmission and distribution system minimizes losses during long-distance power transmission, and its biodegradable ester oil transformer reduces the release of toxic substances, offering a sustainable alternative. Furthermore, ESS (Energy Storage System) addresses the variability of renewable energy, making it a key component in building a sustainable energy infrastructure.

▲ DC transmission and distribution system that minimizes losses occurring during long-distance power transmission. (Source: Hyosung Heavy Industries)

Hyosung Heavy Industries plans to continuously enhance its climate change response capabilities through ongoing technological advancements in its energy solutions. This includes grid stabilization solutions, STATCOM systems for optimized power grids, increased energy efficiency, and reduced greenhouse gas emissions, contributing to sustainable business practices.

HYOSUNG’s Smart Factory Strategy to Enhance Global Competitiveness

HYOSUNG’s smart factory technology aims to maximize automation and efficiency in manufacturing processes, delivering two key benefits: cost reduction and quality improvement. With this technology, HYOSUNG can produce customized products quickly and efficiently, allowing it to respond swiftly within global supply chains. Smart factories prevent potential issues in production through real-time data analysis and strengthen quality management, leading to higher customer satisfaction.

As a cornerstone of HYOSUNG’s digital transformation (DX), smart factory technology maximizes the efficiency of manufacturing processes and energy savings. By integrating advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics, HYOSUNG optimizes production environments in real-time and reduces energy consumption, enabling more sustainable manufacturing. For example, HYOSUNG’s Changwon plant uses an IoT-based integrated management system to collect and analyze real-time data, maximizing quality control and production efficiency. Similarly, its plant in Vietnam leverages big data analysis to enhance the efficiency of textile and steel cord manufacturing processes.

HYOSUNG’s Technology and Business Strategy Leading the Hydrogen Economy

HYOSUNG is actively working to establish a hydrogen energy ecosystem through various R&D initiatives. The company is building the world’s largest liquefied hydrogen plant in Ulsan and has achieved significant milestones in lightweight materials for hydrogen vehicles and hydrogen refueling stations utilizing biogas.

Focusing on the growth of the future mobility market, particularly hydrogen-powered vehicles, HYOSUNG is concentrating on hydrogen storage and refueling technologies. Hydrogen tanks made from lightweight carbon fiber materials have applications not only in hydrogen vehicles but also in industries like aviation and shipping.

HYOSUNG’s hydrogen energy technology extends beyond innovation in engineering, serving as a new growth engine for its business model. By developing lightweight materials for hydrogen vehicles and advancing hydrogen refueling station technologies, HYOSUNG is positioning itself as a global leader, offering sustainable energy solutions while generating profits.

HYOSUNG’s Global Leadership Through Technology-Driven Innovation

The world is facing challenges like environmental sustainability, climate change mitigation, energy efficiency, and digital transformation. HYOSUNG is responding swiftly to these demands, driving technological innovation at an accelerated pace.

HYOSUNG’s sustainable innovations, such as regen fiber and hydrogen energy technology, align with global demands for carbon reduction and sustainability. By adhering to international ESG standards and providing green solutions to its customers, HYOSUNG strengthens its competitiveness amidst tightening global environmental regulations.

HYOSUNG’s energy solutions and smart factory technologies are integral to its digital transformation strategy. These innovations, which enhance power grid efficiency and maximize productivity, are directly connected to key trends of the Fourth Industrial Revolution, such as AI, IoT, and big data analytics. This enables HYOSUNG to secure flexibility and speed within the global supply chain. By contributing to the future energy ecosystem through hydrogen storage technologies and lightweight materials, HYOSUNG is fostering new growth engines.

HYOSUNG’s innovation transcends technical development, embodying a vision for the future. Chairman Cho Hyun-joon’s statement that "technological competitiveness will become HYOSUNG’s DNA for success" is being steadily proven as HYOSUNG continues to solidify its leadership in the global market.